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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, 04 September 13
RBCT SHIPPED 16.18 PERCENT MORE COAL IN JULY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal South African as well as in the world has shipped 6,162, ...
Wednesday, 04 September 13
SUPRAS AND HANDIES : INDONESIAN COAL CARGOES ARE SUPPORTING HEALTHY ACTIVITY LEVELS - INTERMODAL
The Dry Bulk market has pooled back a bit this week after firming for two weeks in a row. The BDI is s holding above 1,100 points and despite the sm ...
Tuesday, 03 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 22.93 PER CENT MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 22.93 per cent week on week to 3.39 million mt for ...
Sunday, 01 September 13
COAL SWAP SHOWS MIXED TREND
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery 1.25 percent up month on month. The swap was moved posit ...
Sunday, 01 September 13
INDONESIA TO INDIA SPOT FREIGHT STAYS FIRM THIS WEEK - VISTAAR
COALspot.com: The freight market continued to be firm with even though the BDI and Cape index dropped by about 3 pct week on week.
The BDI was do ...
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- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
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