We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 10 June 15
TANKER MARKET INSIGHT - STELIOS KOLLINTZAS
 As we go through the end of the 2nd quarter of the year it is evident that the tanker shipping markets have been rewarding and definitely been showing a lot more promise compared to other sectors. Even now that new deliveries are hitting the water fast, the market has been able to absorb the extra tonnage either in long term contracts or in the spot market. The edible oil market has also had its stake on that by employing a handful of tonnage. In fact, lately it has been a lot livelier both out of S. America and out of SE Asia.
As far as the palm oil regional market is concerned, the 2nd quarter of the year has offered much more enquiry than the first. This is to point out that the implementation of 0% export tax on Malaysian crude palm oil in May and June have had a positive impact as buyers have been taking advantage of the tax-free cargoes out of the country boosting the shipments in both India and Europe. At the time of writing the regional market remains steady on healthy levels with a slight cooling-off. Most of second half June enquiries are already covered, while July quotes are already in the market. It remains to be seen if July will follow the same strong trend, while Indonesian export taxes are expected to be reinstated back in August. On the long-haul trade now, the youngest ECO-MR Ships are traded between 22,000 USD - 23,000 USD pd , while older tonnage can earn as much as 20,000 USD pd for a trip to MED,UKC or USA which lasts 45-120 days. The critical factor for owners profit margin though, namely the 380 bunker price -now at abt 355USD/pt - has recently shown an overall upward trend causing concerns.
In the last month we have seen a very healthy number of vessels fixed for vegetable oils out of South America and an even greater figure of soya-bean oil crop, climbing to around 500.000t. While we expected the increased production to accommodate more ships on the trade, strikes and groundings have resulted in big line-ups. As such, it seems that it will take more time for the current output to be deployed, while we expect more cargoes in the coming weeks. Given the current activity along with a firm CPP mkt in the Atlantic basket, freight rates have levelled at around 44-45 USD/pmt basis 2/2 ports, while rates for CIQ positions destined to CHINA are in the 50s for 40,000mtons of cargo. Probably though, the best earners are the Iran candidates, which have also been very much in the frame during last month, earning USD low-mid 70s bss 30,000mtons. Going forward, rates will once again be dictated by the western CPP market and how it will move during the usually slower summer months.
Lastly, Black Sea exports have seen little change in export volumes the last month, with a relatively low number of fixtures. It is evident that the difference amongst the Sunflower oil and the 120 USD cheaper South American soya-bean oil has shifted importer’s demand to the most favorable origin. The current shift is expected to be greater the coming weeks as soya-bean oil prices are expected to sustain their competitive selling price. Only a few larger stems of up to 30,000mtons looking at India and Iran have drawn some attention, while smaller cargoes of 6-7,000mtons have given little excitement with charterers choosing among several loaders.
It is worth noting that trade volumes are expected to further increase in the next few years, primarily driven by higher consumption of edible oils in emerging economies, in particular China and India. While palm oil exports represents approximately two thirds of global edible oil exports, vegetable oil seaborne trade volumes have been growing remarkably. The good part for the our industry is that exporters rely primarily on shipping for exporting and total trade figures are fairly translated in actual seaborne trade figures.
By Stelios Kollintzas
Specialized Products Chartering
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 11 June 15
IS COAL INDUSTRY GOING TO HIT A BRICK WALL?
COALspot.com - The Director General of Mineral and Coal of Indonesia revised down Indonesian coal benchmark price once again to US$ 59.59 per MT fo ...
Wednesday, 10 June 15
WORLD COAL MARKET HEADING TO NEW EQUILIBRIUM: MINISTER - JAKARTA POST
Energy and Mineral Resources Minister Sudirman Said has said the world’s coal market is heading towards a new balance, which will make Indone ...
Wednesday, 10 June 15
FOB INDONESIA COAL SWAP ROSE W-O-W AND M-O-M
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains month on month and week over week, this past week.
The Q3 swap was climbed by $ ...
Tuesday, 09 June 15
GLOBALCOAL IMPLEMENTS VOLUMETRIC SIZE LIMITS IN RICHARDS BAY MARKET
COALspot.com: globalCOAL today announced that following recent market consultation, it will limit bids, offers and trades in the fixed price Phys R ...
Tuesday, 09 June 15
FOB RICHARDS BAY COAL SWAPS DECLINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 declined month over month and week over week.
The Q3 swap was fell US$ ...
|
|
|
Showing 2981 to 2985 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- London Commodity Brokers - England
- The University of Queensland
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
|
| |
| |
|
