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Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
 Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost a given, the continuous decline in the dry bulk rates has stopped any ambitions owners might have had for SnP transactions.
With the American President announcing new tariffs on iron ore imports and his aspirations to strengthen the US steel industry, concerns are rising in the market. On the other hand, cause for concern is caused by China weakening after a number of years when the oversupply of raw materials as well as global trade as a whole were largely dependant on the growth of Chinese growth rates. Therefore, the only possible solution for the recovery of the shipping market is scrapping. Fortunately, the current scrap value for dry bulk carriers is around $430/ldt for small tonnage vessels up to $470/ldt for big tonnage vessels. Increasing scraping activity is a visible solution that could give a future boost in the dry bulk market. To put things into perspective, the first signs with regards to scraping for the q1 2019 are positive, together with a small decline in dry NB orders, when comparing in both markets with the q1 2018.
The correction on values in the dry bulk market has created some expectations that we might witness the same levels in asset values as in 2016. However, the freight market is not at the same levels like 2016 and with the new regulations coming into force, this specific scenario does not look like it will be easily materialised, as the variables are vastly different. However it is worth analysing where the market currently stands in every segment.
In the Capesize sector it is indicative that vessels of any age do not to have any buying interest, and last week we had the first sale of a capesize in 2019.
In the Panamax/Kamsarmax sector we are seeing a lot of interest especially from Greek buyers, for vessels build from 2004 to 2008, as they possibly anticipate a healthier freight market in the near future or are look to resell when the freight rates increase. A representative example is the Kamsarmax ‘YARRAWONGA’ (82,624dwt-blt ‘08, Japan) were around 10 potential buyers inspected without being sure if the vessel is going to be sold definitely.
In the Supramax sector, we observe specific ship-owners showing interest into Japanese vessels, together with some Greek owners who consider selling their tonnage into more premium levels.
Lastly, over the past few weeks, the majority of sales were on the Handysize sector. It has been some time since we saw sales of Chinese vessels since the Carval deal where, even though it was an en-bloc deal, despite the minimal buying interest shown in the specific vessels, they were sold in line with the last done deal of December ‘BONNIE VENTURE’ (32,500dwt-blt ‘12, China).
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Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...
Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand wil ...
Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust in ...
Wednesday, 14 April 21
INDIA HAS A RECORD LEVEL OF STOCKPILED COAL DAMPENING NEED FOR NEW DOMESTIC MINES - IEEFA
Proposed coal mining expansions at odds with excess supply
India has stockpiled a record 132 million tonnes of coal – enough t ...
Wednesday, 14 April 21
BANGLADESH NEEDS A RENEWABLES FOCUS, NOT A SWITCH FROM 'COAL TO GAS' - IEEFA
Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations
The emerg ...
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- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
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