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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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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Planning Commission, India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
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