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Wednesday, 15 March 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
 Over the past two weeks, the Dry Baltic Index has been on an upward trend, breaking the 1000 point mark and creating a positive sentiment for the upcoming weeks. Generally, healthier freight rates have given a boost in sales, and from the beginning of the year 36 SnP deals are being fixed on average per week, with the majority of those being Bulk Carriers. In relation to the Capesize segment, the chart below compares the same dry indices of the last 8 years versus the underlying asset prices.
It has become apparent that potential buyers can purchase a cape at fairly good levels compared to previous years when the BCI was stayed the same levels, hence so far so good!
However, as iron ore is the main cargo for Capesize vessels, it is interesting to examine how the commodity has performed from the beginning of the year and what are the forecasts for 2017.
Almost all commodities from the beginning of the year are on the high side with Iron Ore and other industrial metals being the prime gainers. The trade surplus is increasing and is on a positive trend, after the previous bad year. To put things into perspective, from December 2016 iron ore has made a full U-turn from the previous year’s devastating losses and has hit $US90/t, with Iron Ore prices doubling from the December 2014 prices, driven by the strong Chinese iron ore demand, which in turn has driven Cape rates above $12,000 per day. However, after a long rally in Iron Ore prices, there are signs of a reversal of the recent trend. Since Tuesday (7/03/2017), Iron Ore prices have continuously declined, raising concerns from many market analysts about the sustainability of a long-term upward trend. The main reason behind this decline is the flagging strength of demand in China at a time when iron ore stocks are continually rising. As a result, some analysts predict that the Iron Ore price will again fall to $US50/t by the end of the year. But can a ship-owner hedge against this risk?
To conclude, the Dry market is witnessing a positive market trend, yet analysts are prepared for the worst. In the wet market, it will be interesting to see the market reaction after the recent drop in crude oil prices below $50/bl.
This is on the back of record U.S. inventories that have now completely wiped off the boost on prices that the OPEC production cut had caused.
By George Panagopoulos
Research Analyst
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 reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The 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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Wednesday, 05 April 17
THE AVERAGE SECOND HAND PANAMAXES AND CAPES PRICES FOR A 5-YR OLD VESSEL HAS INCREASED MORE THAN 19% AND 20% RESPECTIVELY M/M - INTERMODAL
With the help of what so far appears to be a very strong grain season together with the fact that imports from China have remained so far robust in ...
Tuesday, 04 April 17
THE IRON ORE HAS BEEN ABLE TO KEEP ITS GROWTH PATH FAIRLY WELL; THERE IS STILL ONE PART OF THE WORLD THAT IS STILL HEAVILY COMMITTED TO COAL
With the close of March having let us with a very positive after taste and having witnessed near the end of the month the Baltic Dry Index at its h ...
Monday, 03 April 17
WORLD COAL TRADE STABLE IN 2016: DEMAND SHIFTS TO SOUTH-EAST ASIA - ASSOCARBONI
ASSOCARBONI: Coal confirmed as the leading fuel for electricity generation, accounting for 40% of overall production in 2016.
World coal trade ...
Monday, 03 April 17
DRY BULK RATES CONTINUING TO FIRMING UP
COALspot.com: The Freight market was continuing to firming up. Baltic Panamax Index rose 12.81 percent week over week.
The Baltic Exchang ...
Friday, 31 March 17
U.S. COAL PRODUCTION INCREASE SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
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Showing 2081 to 2085 news of total 6871 |
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- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
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