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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, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook” (GEO) ...
Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
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- Siam City Cement - Thailand
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
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