We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
Wednesday, 29 March 17
MARKET INSIGHT - NASOS SOULAKIS
Shipowners will always look for market signals in order to gauge market perception and decide upon which strategy to follow next. And while owners investing in the dry bulk market have been particularly busy lately, there is limited interest in the second-hand tanker market, activity in which is about 68% compared to the first quarter of 2016.
‘Sluggishness’ is therefore the defining characteristic used to describe the situation in the tanker SnP market, while in the freight market, rates maintain healthy, well above OPEX levels, but not high enough to inspire overwhelming positive expectations. This trend has resulted in decreasing asset prices and may well be the window of opportunity for owners wishing to invest in vessels priced at fairly reasonable levels.
Looking into the MR segment, the table below gives a breakdown of values for different asset classes since 2012.
The last done “MARE ACTION” (30,058dwt-blt 05, S. Korea), which was sold for a price close to $10.0m together with the small 15-yr old MR2, basis SS/DD due, which can be fixed close to $8.0m, are indicative of the particularly attractive prices currently prevailing in the sector.
Despite those rather attractive prices in the tanker market though, it is SnP activity in the dry bulk sector that has been monopolizing everyone’s interest lately. However, after consecutive weeks of increasing asset prices and with more than 200 dry bulk SnP deals - ranging from Handies to Capes – at the closing of Q1, there are a few voices now in the market insisting that this rally will gradually show signs of cracking and exhaustion.
The above estimation is based on a couple of things. On one hand potential buyers have gradually started to lose interest in paying todays’ increased levels, thinking this momentum might ease at some point and push prices – even slightly – down.
On the other hand, Sellers seem to be the one in control at the moment, able to set the premium over the last done and consequently asking for significantly higher prices even a few days after the last reported deal. The above market dynamics create a gap in the second hand market that is capable of restricting second hand activity until market perception becomes more accurate with both buyers and sellers re-adopting a more realistic attitude.
To summarize, while the dry bulk and tanker markets may be at different stages of their respective cycles, they both certainly display interest for different reasons nonetheless.
By Nasos Soulakis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
...
Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
|
|
Showing 16 to 20 news of total 6846 |
|
|
|
|
|
|
|
|
|
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Australian Coal Association
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
|
|
|
|