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Thursday, 16 June 22
MARKET INSIGHT - INTERMODAL
 Picking up from my last insight in March, on the early days of the invasion, it's worth pointing out the way that the fast-paced working environments and market volatility last these few years have made us to forget fast.
We are no longer reading nor listening to the news as much about an ongoing war "next door" between Russia and Ukraine, rather than what bans and/or sanctions are opposed to the Russian government and Oligarchs. While Russia has under its military control areas in the southeast Ukraine such as Kherson, Donetsk and Luhansk and they are also advancing their forces deeper, meantime Ukrainians that didn't flee their country earlier will be soon facing famine and lack of fresh water.
The supposed "Rogue" fleet that used to pick up cargoes from Venezuela or Iran is now heading mainly to Russian ports to load Urals with a hefty premium that now trading at a serious discount (stems), either that will be Baltic Russia Primorsk / Ust. Luga or Black Sea Russian ports i.e., Novo.
The fleet mainly consisted of Aframaxes and some Suezmaxes that will be delivering their cargoes to India, Malaysia, or China. - this market is not related to current Aframax / Suezmax rates that that will not trade to Russia.
Nevertheless, still, most of the Owners are exercising the proper due diligence when calling Russian ports via their legal / P&I clubs avoiding facing any sanctions or listed ships later.
By Dimitris Kourtesis,
Tanker Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Thursday, 26 May 22
MARKET INSIGHT - INTERMODAL
The newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of 2022. Indeed, the contra ...
Wednesday, 18 May 22
INDONESIAN COAL PRICE REFERENCE DROPPED 4.42% IN MAY
COALspot.com: Indonesian Coal Price Reference for May delivery drops 4.42 per cent month on month.
The Indonesian Coal Price Referen ...
Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that ...
Wednesday, 27 April 22
EUROPEAN UNION'S LNG IMPORTS - BANCHERO COSTA
In 2021, the European Union (27) was the third largest seaborne importer of LNG in the world, with a 15.8% share.
It followed Mainla ...
Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
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- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- White Energy Company Limited
- Posco Energy - South Korea
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
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