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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, 29 May 20
KOMIPO ON BEHALF FIVE KOREAN GENCOS INVITED COAL BIDS FOR 5,700 & 4999 NCV COAL FOR AUGUST 2020 LOADING
COALspot.com: South Korea’s Korea Midland Power Co.,Ltd (KOMIPO) on behalf five (5) Korean Gencos has Issued an International Tender for tota ...
Friday, 29 May 20
DRY BULK SHIPPING: NO QUICK RECOVERY FOR THE DRY BULK MARKET AS COVID-19 DIGS DEEPER
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to wo ...
Thursday, 28 May 20
COVID-19: A FORCE MAJEURE EVENT? - KYPRIANOU
KNOWLEDGE TO ELEVATE
While seeing the unexpected COVID-19 outbreak expanding worldwide and the first cases being identified in Cyprus, the com ...
Thursday, 28 May 20
OIL DEMAND RECOVERED BY 20% IN MAY AGAINST APRIL: RUSSIAN ENERGY MINISTER - TASS
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said, cited by the ...
Thursday, 28 May 20
MARKET INSIGHT - INTERMODAL
Earlier in May, China’s top leaders convened for the annual National People's Congress, following over two months of delays due to the co ...
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- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- MS Steel International - UAE
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