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Wednesday, 09 August 17
COAL HAS GAINED AROUND 40% OVER THE PAST TWELVE MONTHS; IRON ORE HAS MOVED FROM AROUND $50/T IN AUGUST 2016 TO OVER $70/T TODAY - INTERMODAL
 During the summer’s peak, and with the markets remaining relatively quiet, we can argue that most markets have built solid foundations to enjoy a strong Q4 and healthier rates compared to last year.
In order to put things into perspective, it would be enlightening to perform a mini review of some indices, values, and commodities compared to August last year. Average earnings for Capes were at around $5,500/day a year ago, whereas currently are above $11,500/day. Concerning the average dry bulk asset prices for 5-yr old vessels, all values across all segments are up when compared to August 2016, while the BDI today is above 1,000 points compared to the low 600s it was faring a year ago.
Moving on to the Tanker market, T/C rates have decreased compared to a year ago, especially for the crude carriers, while average asset prices for 5-year-old vessels have overall followed a similar direction. On the newbuilding market, we have gone from the non-existent dry bulk activity of last year to a relatively decent number of orders here and there throughout 2017, while even during the traditionally more quiet summer months there is still a bit of contracting volume reported as well. On the tanker side, the trend is even stronger, with sectors like VLCC and MR seeing a lot of activity since almost the beginning of the year.
In the demolition market, forecasts had predicted that demo activity would be higher, as in September last year Finland was the last member state that rectified the Water Ballast Convention that was scheduled to enter into force this fall. Recently, however, the IMO and IOPP agreed to extend for two years the time for compliance, which means that the new date is now September 2019.
Regarding some of the main cargoes for both dry bulkers and tankers, it would be interesting to take a look at the commodity market’s performance year on year. Iron ore has moved from around $50/t in August 2016 to over $70/t today and despite some recent downward correction the upward movement has once again resumed, with iron ore futures also suggesting an optimistic market ahead.
Coal has at the same time gained around 40% over the past twelve months, although in this case forecasts are mixed on the commodity’s future as India is closing down a number of mines. Focusing on other commodities; industrial metals such as aluminum have also been moving north. Agricultural products have shown a mixed picture, with some like soybean for example remaining into similar levels and other like corn has moved upwards. In the oil market, prices have been moving in a rather tight range for the bigger part of the past twelve months despite the extension of the OPEC production cut.
To conclude, it is a fact that everyone will enjoy their summer holidays with fewer concerns from last year. In general, all markets show some signs of stability, with some pressure being applied in the tanker market, but even there we sense some optimism for the remainder of the year.
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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Tuesday, 05 September 17
COAL: A STRONG MOVEMENT IN THE COAL MARKET OVER THE SUMMER MONTHS - GEORGE LAZARIDIS
We have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost prices for the commodi ...
Friday, 01 September 17
U.S COAL OUTPUT DIPS WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 31 August 17
SUPRAMAX: INDO TO CHINA COAL TRIPS AT AROUND $9000, DELIVERY THAILAND - FEARNLEYS
Supramax
A bit slow start to the week with UK holidays on Monday. Still strong rates for cargoes out of Black Sea, where front hauls where done $ ...
Tuesday, 29 August 17
WEEKLY SHIPPING MARKET ANALYSIS - ALLIED
In the aftermath of Hurricane Harvey, one of the worst disasters to hit Texas, we are now looking to get a clearer picture of the possible disrupti ...
Tuesday, 29 August 17
U.S WEEKLY COAL OUT UP 3.4% WEEK OVER WEEK TO APPROX. 17 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tonne ...
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Showing 1956 to 1960 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
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