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Thursday, 03 October 19
SHIPPING MARKET INSIGHT
 Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly due to the CPP markets dragging them down. Sunflower oil exports from Black Sea are peaking; Soya bean oil exports are supported by MED demand and Palm oil movements look the brightest.
After a slow summer, September export volumes of Sunflower oil from Black Sea, especially to China, moved up significantly. Owners with CIQ approved cargo history on their ships, were looking forward to capitalize on that, however, this didn't quite materialize due to the availability of such tonnage. Increased cargo going into India was also not enough to push rates north. To the contrary, there have been fixtures done lower than the last benchmarks levels. This can all be justified by the poor CPP market prevailing in the MED during last weeks; if no tension in CPP market comes soon, freight rates are unlikely to change.
Volumes of veg-oil exports from S. America have been on the lower side these past few weeks. However, there have been quite a few liftings and forward bookings into early October. That is quite reasonable, since India imports are on halt due to the country’s storage tanks being filled up. However, there has been increased cargo volume into the MED right on time, but yet again not enough to balance the absence of India imports. That being said, SME was the prevailing product moving to MED, in volumes that have not been seen for a long time. Looking forward, one should again foresee the petroleum product end of the equation. As such, until there is an improvement in the Atlantic petroleum product trade, owners will most likely entertain the on-going rates.
Palm oil market is looking somewhat better. Regional routes to China and India are showing great activity, while Long haul movements to Europe, USA, Continent and other West destinations have also been holding firm till September. A firm CPP market during the past weeks has allowed owners to push for a premium to position their vessels west, however, it is now correcting and bunker prices cooling off.
Getting into the traditional stronger Q4 along with all the IMO 2020 changes, it should be expected that there would be no further down pressure on rates, owners are expected to be bullish and traders to prepare for firmer rates. This market has always been at the mercy of CPP market trends and this should also be the case this time round.
By Stelios Kollintzas
Tanker Chartering Broker
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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- The Treasury - Australian Government
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
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