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Wednesday, 17 June 15
PANAMAX RATE AVERAGED $22.82 PMT IN THE FIRST 10 DAYS OF JUNE FOR THE GRAIN ROUTE FROM SANTOS, BRAZIL, TO QINGDAO, CHINA - INTERMODAL
 This year, Brazil will be exporting a record 96 million tons of soybean crop and starting in August the country will begin shipping a second corn crop of approximately 51.4 million tons, also a record. The country is the world’s no. 2 exporter of both commodities, even though their logistics system is still running at a limit.
Unlike other privately controlled railways and private-use terminals for iron ore, soybean exporters have to use public roads to reach publicly managed ports, primarily Santos and Paranagua. Both still often experience bottlenecks, with long lines of trucks and ships, a common feature during the peak harvest months of April, May and June. This is without even taking into account the frequent worker strikes. But this year heavy rains in ports such as Paranagua, may also be more frequent due to the El Nino climate phenomenon and could temporarily halt loadings, jeopardizing the already heavy shipping schedules.
Nevertheless, the increased export activity can, in general, only be a good sign, even though for the time being, it is still not having a significant positive impact on freight rates for Panamaxes. The Panamax rate averaged $22.82 per metric ton in the first 10 days of June for the grain route from Santos, Brazil, to Qingdao, China, basis 60,000 metric tons, and when we look back at last’s year June average for the whole month, we see a rate of $31.10 per metric ton. This 26% drop is largely down to the difference in bunker prices, which went through a dramatic fall in recent months.
It is evident, however, that there is currently an increase in the demand for such ships in the region due to continuing shortage of vessels able to do East Coast South America (ECSA) for late June - early July dates. Fixtures basis APS delivery ECSA or basis delivery passing the Cape of Good Hope, are currently being signed at higher levels than those at the beginning of the month.
Another positive fact is that the safrinha corn crop in the second largest producing state of Parana, Brazil is also expected to do very well this year. Farmers in Parana, Brazil have harvested approximately 10% of the 1.89 million hectares of safrinha corn so far and corn yields are also exceeding expectations. The state of Mato Grosso is the largest safrinha corn producing state in Brazil and good weather during the entire growing season is resulting in increasing production estimates. In their latest report, the Mato Grosso Institute of Agricultural Economics increased both the safrinha corn acreage and the yield projections for the 2015 crop.
On the other side of the world, China, the world's largest importer of soybeans is projected to import 77.5 million metric tons of soybeans this year, which is around 4 million metric tons more than in the 2014-15 season. This is still reflecting a very strong demand, which is supported by a combination of policy constraints and stagnating yields for domestic soy production in China. This is expected to decline during 2015-2016 down to approximately 11.7 million metric tons. That shows us how important the commodity is. Basically it’s the only major agricultural crop in which China is dependent on imports for the Lion’s share of its supply.
Christopher Thomas Whitty
Marketing Manager Towage & Port Agency
Cotzias Intermodal Shipping Inc.
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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Saturday, 04 April 15
BORYEONG POWER OF KOMIPO TO BUY TOTALED 695K MT OF HIGH AND LCV COAL
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids from coal producers, marketing companies, or traders to supply of 500000 Metr ...
Friday, 03 April 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 18.3 million short ...
Friday, 03 April 15
TOBA BARA'S PANDU SJAHRIR ELECTED AS NEW CHAIRMAN OF THE INDONESIAN COAL MINING ASSOCIATION
COALspot.com: Pandu Sjahrir, the Vice President Director & CFO of the Jakarta-listed PT Toba Bara Sejahtra — a subsidiary of PT Toba Seja ...
Thursday, 02 April 15
GOVERNMENT MUST WORK WITH MINING, NOT AGAINST IT - PANDU SJAHRIR
The Coal Face: The coal price has hit its lowest point in recent memory
My father used to say to me that his children are his biggest inv ...
Thursday, 02 April 15
NEWBUILDING ORDERS FOR DRY BULK CARRIERS "DRY" UP
Newbuilding ordering activity remained subdued over the course of the past week, as ship owners are wary of adding further tonnage to an already pr ...
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- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
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