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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, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...
Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...
Wednesday, 26 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segme ...
Tuesday, 25 June 19
THERMAL COAL FUTURES ON THE ZHENGSHOU EXCHANGE ROSE - DANIEL HYNES
Coal markets were buoyed by ongoing supply side issues.
According to Daniel Hynes, Senior Commodity Strategist of ANZ, the the ...
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- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Planning Commission, India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Parliament of New Zealand
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
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