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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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- The University of Queensland
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
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