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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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Friday, 10 March 17
THE 5TH PHILIPPINES POWER AND ELECTRICITY WEEK RETURNS WITH A UNIQUE FOCUS IN 2017
5th Annual Philippines Power & Electricity
18-21 July 2017
Solaire Resort & Casino,Manila, Philippines
http://www.philippinespowe ...
Thursday, 09 March 17
INDONESIAN COAL BENCHMARK PRICE DROPPED FOR A THIRD STRAIGHT MONTH IN MARCH, GOVERNMENT DATA SHOWED
COALspot.com: Indonesian government declared coal benchmark price dropped for a fourth straight month in March, government data showed. The ...
Wednesday, 08 March 17
THE FREIGHT MARKET TODAY PROVIDES MUCH MORE CONFIDENCE COMPARED TO LAST YEAR - TIMOS PAPADIMITRIOU
So what's all the fuss about? During the past five months SnP activity has being surging exponentially in the dry bulk sector. Buyers are looki ...
Monday, 06 March 17
THE FREIGHT MARKET WAS CONTINUING TO FIRM UP THIS PAST WEEK
COALspot.com: The Freight market was continuing to firm up this past week.
The Baltic Exchange, tracking rates for ships carrying dry bulk com ...
Friday, 03 March 17
U.S. WEEKLY COAL PRODUCTION ESTIMATED AT 15.7 MMST; DECLINE 6.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
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Showing 2106 to 2110 news of total 6871 |
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- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
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