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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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Sunday, 08 February 15
BDI FELL CONTINUOUSLY HIT A THREE DECADES LOW
COALspot.com: This week Baltic Exchange Dry Freight Index (BDI) fell continuously hit a three decades low.
The BDI continuously fell and was d ...
Friday, 06 February 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 1.1% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 20.1 million short tons (mmst) of coal ...
Friday, 06 February 15
SHIP DAMAGED BY FIRE CAUSED BY PIRATES FOUND TO BE CONSTRUCTIVE TOTAL LOSS - TAYLOR WESSING
KNOWLEDGE TO ELEVATE
The High Court was asked to determine a number of preliminary issues, including whether a vessel was a constructive total ...
Thursday, 05 February 15
BDI HAS NOW FALLEN A LEVEL CLOSE TO THE INDEX'S HISTORIC LOW - INTERMODAL
They say a picture is worth a thousand words and in this instance just one look at the tables above is enough to understand the great pressure the ...
Thursday, 05 February 15
ULTRAMAX LEVELS FROM INDIA TO CHINA IN THE MID US$ 5000'S - FEARNLEYS AS
Handy
Despite the overall weak sentiment, there is a scent of optimism in the Atlantic market for ppt dates. Continent is still struggling with o ...
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- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Marubeni Corporation - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- The University of Queensland
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
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