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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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Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
Wednesday, 16 December 20
INDONESIAN COAL RECOVERING - FITCH
Commenting on Indonesian coal, Fitch Ratings, the Indonesian 4,200 kcal index has begun to recover, improving to over USD 29 in November compared t ...
Tuesday, 15 December 20
NEWCASTLE PRICES RECOVER - FITCH
Prices for the benchmark Newcastle 6,000 kcal/kg grade coal have rebounded to over USD 70/tonne since late November as major Asian economies ease l ...
Tuesday, 15 December 20
APAC COAL PRICES REBOUND ON IMPROVED DEMAND AND SUPPLY CUTS - FITCH RATINGS
Prices for the benchmark Newcastle 6,000kcal/kg grade coal have rebounded to over USD70/tonne since late November as major Asian economies ease loc ...
Tuesday, 15 December 20
CHINA EXTENDS FULL OPEN GESTURE TO IMPORTED COAL EXCEPT FOR AUSTRALIA - GLOBAL TIMES
Domestic, overseas suppliers will take up share with easier clearance
China's top economic planner on Saturday gave approval to ...
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- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Planning Commission, India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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