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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.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Sunday, 08 March 15
FREIGHT RATES FROM INDONESIA TO INDIA IS TRENDING UP
COALspot.com: The freight market continued to see gains this week and all the indices were rose except for Cape index. The BDI was increased 4.62 p ...
Friday, 06 March 15
BALTIC DRY INDEX: IS THIS POWERFUL INDICATOR SIGNALING A GLOBAL RECESSION? - STREET AUTHORITY
Although memories of the Great Recession linger, a case can be made that better days lie ahead.
That’s because central banks around the ...
Friday, 06 March 15
U.S. WEEKLY COAL PRODUCTION ROSE 3.5% WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.1 million short tons (mmst) of coal ...
Thursday, 05 March 15
PANAMAX : THE ATLANTIC ROUND IS NOW PAYING AROUND US$ 5K PER DAY
COALspot.com: Handy - The activity in the handy/supra segment is back. “ We see more fresh cargo in the market for 2nd half March dates ...
Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- PTC India Limited - India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
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