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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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Tuesday, 24 December 13
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS UP 11.46% W-W
COALspot.com: In the week ended December 23, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.84 ...
Tuesday, 24 December 13
SGX HAS LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore Exchange (SGX) has announced the launch of freight future yesterday.
According to SGX’s press release, SGX has laun ...
Monday, 23 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q1' 14 CLOSED AT $ 82.80
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 2.97 percept month on month as on Friday 20 December 2013. ...
Sunday, 22 December 13
Q1' 14 DELIVERY COAL SWAPS CLOSING HIGH COMPARED TO Q4' 14 DELIVERY CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 1.31 pmt month on month on Friday 20 December 2013 ...
Sunday, 22 December 13
QUIET FREIGHT MARKET DUE TO LONG HOLIDAYS
COALspot.com: The market was soft this week with all indices down. However towards second half of the week the futures on segments was firming up.
...
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- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Trasteel International SA, Italy
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Anglo American - United Kingdom
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