We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 10 May 17
MARKET INSIGHT - INTERMODAL
 Up until a few weeks ago, demo deals were being concluded at just a fraction below $400/ldt. Last time we saw demo prices around that level was in May 2015. But over the past few weeks, the scene has completely changed. There is an apparent lack of demolition candidates, while demo prices in the Indian subcontinent have lost over $30/ldt on average during the same period. Bangladesh and Pakistan were competing quite strongly offering a small premium over India’s Alang prices. However, the recent heavy decline in local steel plate prices has forced most end buyers to reduce their offering price.
In view of the restocking ahead of the monsoon season in late May –June and the annual budgets in Pakistan and Bangladesh during the same period, we remain to see if rumors of any new duties/taxes will come into effect for the respective domestic ship-recycling sectors, and how such developments will affect scrap buyers appetite.
We have to keep in mind that at the moment only Bangladesh and India can cut gas free and clean for hot works tanker vessels, as after the fatal accidents that took place in Pakistan earlier this year, there is still a total ban on the demolition of all wet units in the country.
Scrap prices are mainly dictated by steel demand and steel prices and these are subsequently affected by iron ore commodity prices. Iron ore prices had climbed from below $60/ton in Oct 2016 to approximately $96/ton in February this year. Since then, the price of the commodity has constantly dropped to settle at low $60/ton levels and at the end of last week when a full-scale retreat took place, with futures in China, Dalian Iron Ore witnessing a limit down on investor concern in regards to demand outlook.
It seems that the deleveraging of China's $4 trillion shadow banking system just accelerated massively as Bank Wealth Product Issuance crashed 15% month-over-month. With stocks and bonds already plunging, commodities joined the decline that came after tightened regulation on macro-prudential assessment and interbank business. According to the China Iron and Steel Association, there is still room for iron ore to decline further amid oversupply with imports and port stockpiles remaining at high levels that further support oversupply.
Over the past months, Capes and Panamaxes freight rates increased significantly by demand for more shipments, together with record steel production in China, and that has helped boost stockpiles at local ports. After peaking at a record 132.5 million tons in March, stockpiles have held near that level, according to Shanghai Steelhome E-Commerce Co.
Since the end of March though the BCI has lost more than 1,100 points and the average earnings quoted by the Baltic Exchange have dropped from $20,650/day to $12,446/day today. Is it time to panic? The reality is that we are still way above the $1,985/day the big bulkers were earning in March 2016, but signs are indicating a slowdown in demand that inevitably always leads to pressure on earnings. As we are all waiting to see how long will this pressure last, all hopes for sustained positive sentiment in the dry bulk market have now been placed on the grains trade that could potentially make up for some of the lost momentum due to the slowdown Capesizes are currently witnessing.
By John N. Cotzias
SnP Broker
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 27 July 17
A VOLATILE WEEK IN THE CAPE MARKET - FEARNLEYS
Supramax
The black sea still performing well although bit fewer fixtures concluded/reported. Rates lie somewhere around 18 -19 on front-haul . Bo ...
Wednesday, 26 July 17
SHIPPIPNG MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
After an admittedly challenging 2016, the Dry Bulk market kicked off this year on a much more positive note, with all indices steadily increasing u ...
Monday, 24 July 17
THE FREIGHT MARKET ROSE THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI and Cape indexes show a positive trend week over week.
...
Friday, 21 July 17
ESTIMATED WEEKLY U.S. COAL PRODUCTION TOTALED APPROXIMATELY 15.3 MMST; UP 13.5% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tonn ...
Thursday, 20 July 17
SUPRAMAX: INDO COAL ROUNDS ARE TRADING AROUND MID/HIGH $11K WITH SINGAPORE DELIVERY - FEARNLEYS
Supramax
A positive week again in the Pacific with rates moving upwards.
According to Fearnleys Weekly Dry bulk report, Nopac rounds are pay ...
|
|
|
Showing 1996 to 2000 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Coal Association
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- The University of Queensland
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- PTC India Limited - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
|
| |
| |
|
