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Wednesday, 29 April 15
MARKET INSIGHT - INTERMODAL
 The figures of China’s slowing down imports of coking coal for the first quarter of the year are coming to confirm what everybody was expecting to see, since the government has been actively supporting the country’s shift to using cleaner energy resources. Australia is currently the major producer who suffers from this slowdown of Chinese imports; however the land Down Under still remains the main supplier of coking coal for China.
During the first quarter of the year, the total import of coking coal was 10.92 mil mt, a figure that represents a drop of 16% compare to the last quarter of 2014. It is worth mentioning that the imported quantity during March was reduced by 21% compared to the same month last year and 26% compared to February 2015.
On the other hand, according with China’s custom reports, China imported 80.51 mil mt of Iron Ore in March 2015 which is a substantial increase of 8.85% compared to last month. In total, China imported 23mil mt of Iron ore during the first quarter of the year, which is higher by 2.4% compared to the same quarter in 2014. Despite this uptrend in iron ore imports fundamentals still remain somewhat challenging for the trade, as demand of steel in the local market is still not meeting expectations of a healthy market with end users still lacking positive sentiment for the market going forward, which in turn translates into cautious purchasing.
Together with the above negative prospects comes the poor freight market of the last six months, which drove many Chinese Ship Owners to divert their interest from mid 90’s Panamax vessels to smaller tonnages and especially to mid 90’s Handymaxes. That new demand came together with some Middle East interest, which managed to raise this specific market around 10%. According to the last done, a Japanese 95 blt Handymax with SS/DD due should be in the region of USD 4.25mil, while a couple of months ago it was reported at around USD 3.8mil.
On the other hand in the mid – high 90’s Panamaxes every last done comes in lower levels than the previous one. It is worth mentioning, that Panamax tonnages presently circulating in the market, are significant more than any other dry bulk size segment and their price ideas are related to their demo value plus some premium always depending on the exact age of the ship.
For the younger/modern Panamax/Kamsarmax tonnages, activity remains high with many Greek buyers inspecting/offering, however most Sellers, especially Japanese, are still holding back as they are not considering the low levels they see, expecting an improved market in the near future, which hopefully will come soon on the back of this extended period of poor freight rates ending.
Since our Shanghai office always tries to maintain a positive thinking and focus on the positive aspects of life no matter what is happening in the market, we would like to conclude this report giving our Warmest Wishes, to our Shanghai colleague Yonan Wang and to our Athens’ colleague Konstantinos Kontomichis as they are both getting married this weekend.
By Shanghai Office SnP Team
Intermodal
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Wednesday, 01 April 15
SUPRAMAX & HANDY: RATES HELD STEADY TOWARDS THE WEEKEND
“Despite the fact that the Dry Bulk market closed off on the green last week, sentiment didn't improve by any means, not only because of ...
Wednesday, 01 April 15
WEEKLY SHIPPING MARKET UPDATE - INTERMODAL
There is no doubt that we are still witnessing a very challenging and at the same time very uncertain market, both with respect to dry chartering a ...
Wednesday, 01 April 15
Q4' 15 INDONESIA COAL SWAP CLOSED AT $45.15 W/E 27 MARCH 2015
COALspot.com: Indonesian coal swap for delivery Q2' 2015 drops month on month and week over week.
The Q2 swap declined US$ 1.54 (3.24%) mo ...
Tuesday, 31 March 15
RICHARDS BAY COAL SWAPS GAIN WEEK OVER WEEK
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month but increased week on week.
The Q2 swap has ...
Monday, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
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- London Commodity Brokers - England
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
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