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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, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...
Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...
Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...
Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro Me ...
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- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Australian Coal Association
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
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