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Wednesday, 03 May 17
MARKET INSIGHT - STELIOS KOLLINTZAS
 The overall performance of each sector within the edible oil markets has remained poor for the past weeks. Apart from the veg oil exports from S. America, which has provided Owners with firm rates on the back of a busy CPP market until mid-April, there is not any other positive market sign to report. Once again the palm oil markets remain very weak with further decreases in rates both in both regional and long-haul shipments.
The palm oil markets could be described as extremely poor. As far as the long-haul runs are concerned, there is very limited new business quoted for May. A long list of FOSFA MR tonnage combined with a very soft Intra-Asia CPP market for similar units currently earns below USD 10,000/d and should inevitably lead to weaker rates. The going rate for FOSFA MR TC trips to MED-Europe-Continent is about 13,500$/d for tonnage with edible cargo history.
Coming to the regional market, the anticipated surge in demand for Ramadan is yet to materialize. This is to say that freight rates to India, MEG and the Red Sea remain very weak with no change during the last couple of weeks. Evidence to this is the 20,000MT shipments to WCI, which are currently trading circa USD 20.00pmt. On the lookout for a positive sign for the coming weeks, the Malaysian palm oil council has announced that it will lower its crude palm export tax to 7% in May, down from 7.5% in April. It remains to see if this reduction will translate into more cargoes in the market.
However, the industry has now a greater issue to deal with going forward. A resolution by the European Parliament, recently called for the EU to phase out by 2020 the use of palm oil and vegetable oils in biodiesel that are allegedly produced in an unsustainable way leading to deforestation. The EU is Malaysia's second-largest export market, accounting for 2,059,207 tonnes of palm oil products in 2016. 30% of this amount is used in biodiesel. In an initial effort to oppose that, Malaysia and Indonesia will send a joint mission to Europe next month to counter the European Union resolution.
The CPP markets have significantly supported rates in the vegetable oil shipments from S. America in the past month. However, this has now cooled off and rates are settling back again, but still remain at overall healthy levels. The going market rate to India for 40,000MT shipments bss 2 load / 2 discharge ports is high USD 30 pmt. Despite the adjustment of rates, supply prospects for Argentina and Brazil are looking positive for the coming months. However, traders have few other issues to face. Apart from excessive projected rainfalls, which are threatening the crops, strikes in Argentina are also on the rise lately. Both events are expected to have a great impact on the supply chain of charterers.
The Black Sea market has remained fairly active, especially on the smaller parcels from 6-12,000MT to Med and Continent. On the other hand, long-haul shipments were fewer for the past month, however, still at healthy freight rates. An active CPP market within Med-Black Sea across the MR and Handy markets resulted to better rates for MRs that loaded sunflower oil from the Black Sea to East since charters had to attract Owners.
Looking into the next months, there is little to expect from the edible oil markets. Unless there is not any extraordinary change in the trade flows, it feels like a long summer ahead.
By Stelios Kollintzas
Specialized Products
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.
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Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...
Monday, 31 July 17
THE PORT OF NEWCASTLE SHIPPED 17.08 PERCENT LESS COAL IN JUNE 2017 COMPARED TO ITS MAY LOADING
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,442.8 ...
Monday, 31 July 17
THE FREIGHT MARKET DECLINE THIS PAST WEEK
COALspot.com: The Freight market decline this past week compared to the previous week, as BDI and Panamax indexes show a negative trend week over w ...
Friday, 28 July 17
U.S. WEEKLY COAL PRODUCTION UP 1.4% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 27 July 17
CAMPBELL SHIPPING APPOINTS ISS FOR GLOBAL HUSBANDRY REPRESENTATION SERVICES CONTRACT - ISS
COALspot.com: Inchcape Shipping Services (ISS) is delighted to announce that it has secured a global husbandry representation contract with Campbel ...
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Showing 1991 to 1995 news of total 6871 |
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- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- White Energy Company Limited
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
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