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Wednesday, 18 April 18
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
 The return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets. However, in most cases tonnage supply has been more than enough to meet demand and rates have been moving sideways as a result.
At the same time the CPP markets are not supporting the situation at all, while a trade war between China and USA is having its own effect in certain routes. Additionally, changes on import/export taxes in the regional palm oil market are also shaping the cargo flow.
As things stand, fundamentals in the veg oil market ex- South America are in charterers favour. CPP freights in the West have been in the doldrums and this is having an effect on veg oil freights as well, as several CPP owners try to find leverage on alternative markets. In addition, an increased import of CPP into Argentina/Brazil is building a long tonnage list in the South Atlantic. As if there were not enough negative factors in the market, the threat of China imposing import taxes on US agricultural products, including soy beans, is causing additional headache to traders.
The tax, which is considered a countermeasure on taxes already imposed by US on several products imported from China, is making traders cautious. This is to say that while soybean price from US has depreciated, the premium gained on the back of it by the soybean price from Argentina and Brazil, has in many cases made the product too expensive for the local crushers to buy. For the record, freight rates are still moving sideways at last done levels, USD mid-30s pmt bss 2/2 (South America/ India) on min 40,000mt.
Freight rates from the Black Sea are currently under pressure. While there is a steady flow of cargoes, the poor CPP market is pushing more Handy and MR tankers to look at loading sunflower oil from the Black Sea, however, shipments for the latter size are becoming scarcer lately. The 30-35,000mtons parcels to India are currently paying about USD high-30s/low-40s, while 35-40,000mtons parcels to China are paying about USD mid-40s, depending on port combination.
The long-haul palm oil market has generated some decent rates during the past month. However, given that the tonnage list for May is longer, unless there is an increase in activity, the positive trend is unlikely to continue. The rates for FOSFA MR ships on a TC Trip Far East/Europe are currently between 15,500-16,500 USD/pd.
Looking into the regional market, it is evident that the increased tax by 14% on India’s palm oil imports has had a significant impact on the country’s buying interest. On the contrary, Malaysia’s decision to suspend export taxes on CPO until the end of April has been partly offsetting the lack of activity in the region. Moreover China’s recently imposed 25% tariff on US soybean imports could generate a growth in demand for regional palm oil, as CPO can be used as an alternative in certain circumstances.
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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Wednesday, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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Showing 6371 to 6375 news of total 6871 |
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- The University of Queensland
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Planning Commission, India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
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