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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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Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
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- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- The University of Queensland
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
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