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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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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
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