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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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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 ...
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 ...
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Showing 1991 to 1995 news of total 6871 |
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- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Planning Commission, India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- The University of Queensland
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
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