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Wednesday, 06 September 17
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
 The impact of Hurricane Harvey, which made landfall on 25th of August in South East coastline of Texas area has been the major concern of the shipping world –and not only- during the last weeks. The phenomenon has certainly been the barometer of the MR product tanker market within the Atlantic basin and likely to affect movements in further parts of the world.
Although freight rates significantly increased on the back of the tropical storm, by Friday 1st Sept, when ports started to partly operate again, rates had leveled off but were still very satisfying. As is so often the case with market dynamics owners dedicated in the edible oil markets wait to get an advantage of the developing situation.
It looks like the end of the summer months and the hurricane has brought a much-needed awakening in the S. American veg oil business. The last weeks we have seen the September inquiries being covered and cargoes already out for October dates. As long as the Atlantic CPP market remains firm, Owners will try to push freight rates for veg oil exports from S. America upwards.
There are already more and more ships ballasting north–and as a result shortening the supply of available vegetable oil candidates. The going market rate to India for 40,000MT shipments basis 1 load / 2 discharge ports is USD low 40 pmt basis 35,000mtons.
It looks like the long-haul MR Palm oil market is reviving and Owners have adopted a bullish position. Following a very lively August, September is following the same pace and charterers are now trying to cover their forward inquiries early. This is to say that the FOSFA MR available tonnage for September is scarce, while charterers are already looking ahead to book for October.
The T/C Trip benchmark with delivery at charterers’ preferred load port and redelivery in the Med-Cont-USA is $15,000/day. However, we dare to say that this number is likely to increase a lot further if current activity is sustained, as there are already rumors for significantly higher numbers being negotiated at the time of this writing.
The regional palm oil market has certainly sustained healthy activity with India leading the way in imported volume and China gradually increasing its demand ahead of the golden week holidays, although freight rates have so far failed to move accordingly. Surprisingly, this is against the fact that India has increased the taxes on import of crude palm oil (15% up) and refined palm oil ( 25% up) from Indonesia and Malaysia.
If a call has to be made on the last quarter of the year, it would be fair to say that if current positivity on the edible oil market and the rush in the Atlantic does not cool-off, owners will be on track for a better end to the year.
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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Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...
Monday, 11 September 17
A PUNCHY WEEK FOR THE BIG SHIPS AS THE RATE FOR WEST AUSTRALIA TO CHINA HIT $8.00 THE FIRST TIME IN NEARLY THREE YEARS - BALTIC EXCHANGE
Capesize
A punchy week for the big ships as the rate for West Australia/China hit $8.00 the first time in nearly three years. A Jiangsu Steamship ...
Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed.
The benchmark price of Indonesian th ...
Monday, 11 September 17
KOMIPO INVITED BIDS FOR TOTAL 6.235 MMT OF 5700 AND 5100 NAR COAL FOR 2017 TO 2022 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,590,000 Metric Tons of Bitumino ...
Monday, 11 September 17
THE FREIGHT MARKET ROSE WEEK OVER WEEK; BCI UP 22.22% & BPI UP 14.77%
COALspot.com: The freight market rose in all segments week over week. Mainly Cape and Panamax have supported to pushed up BDI this past week, BDI, ...
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Showing 1946 to 1950 news of total 6871 |
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- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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