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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, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although b ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
Friday, 12 April 19
OFFSHORE MENA CONGRESS 2019
Offshore MENA Congress 2019
Event Date : 11-12th Jun. 2019
Location : Cairo, Egypt
Offshore MENA Congress 2019 Offshor ...
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- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
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