COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN OCTOBER 2018 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 100.89 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 25 October 17
SHIPPING MARKET REPORT - INTERMODAL
IntermodalWhile the majority of perspective Buyers in the dry bulk second-hand market is currently focusing on modern tonnage, there is also increased activity for older vessels built in the ‘90s. From a Greek ship owner’s perspective, them being most often sellers of such tonnage rather than buyers or even if the time they owned vintage tonnage has long passed, looking into this age segment remains interesting.

The pool of vessels older than 20 years is still considerable against the entire fleet in each size segment and bear in mind that this pool will be the main source of demo candidates in the near future. A representative example of that is the Handy size segment, where vessels above 20 years will be around 16% of the size next year. With the upcoming regulations scheduled to come into force until 2019, these vessels will most have to exit the market, with a rather small chance of very strong freight rates at the time allowing the retrofitting cost.

As a considerable amount of this tonnage is still controlled by Greeks, one cannot help but wonder whether the sale of these vessels alongside with the renewal of the perspective fleets is a strategic decision that should be made at this stage. Since the beginning of the year Greek owners have been behind the sale of around 20 vessels built in the ‘90s, with most of them being Handy size and Handymax vessels. We believe that given the Greek percentage of ownerships of such tonnage, there is room for further sales down the line and reinforcement of this trend.

With the exception of very few cases of Greeks who are intrigued by the very attractive prices against current employment levels or those who are newcomers to the dry bulk market, usually scaling up from the general cargo range, we could say that most of the 90s built tonnage buyers are Chinese, Middle Eastern, selective few from the subcontinent, Turkish, Russian and Ukrainians.

In regards to prices, for a 45kdwt Japanese Handymax, ’95 blt someone would set as a price goal at region $4.0m – low $4.0m, with prices adjusting respectively at mid $4.0m – high $4.0m for a ’96 blt, region $5.0m – low $5.0 for a ’97 blt, mid $5.0m for a ’98 blt (SS due 2018) and  excess $6.0m for a 99-blt. Respectively, a 70kdwt Japanese Panamax a price goal for a ’95 blt vessels would be high $4.0 up to $5.0m, excess  $5.5m for a ’96 blt, high $5.0 up to $6.0m for a ’97 blt, low-mid $6.0m for a ’98 blt (SS due 2018) and  mid $7.0m for a 99-blt.

To conclude, this trend of Greek owners selling older vessels is certainly positive, since most of this tonnage usually ends up in the local market of the respective new owner, effectively reducing tonnage trading internationally, while at the same time the age profile of Greek controlled fleet is getting younger becoming more competitive in international trading.

By Nassos 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.

Recent News

Thursday, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.    ...


Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.   The ...


Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...


Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...


Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC.  43 of those vessels had to do ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5283
News by Category
Popular News
 
Total Members : 25,503
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Georgia Ports Authority, United States
  • Rudhra Energy - India
  • Meenaskhi Energy Private Limited - India
  • Agrawal Coal Company - India
  • Energy Link Ltd, New Zealand
  • Cosco
  • Sinarmas Energy and Mining - Indonesia
  • Formosa Plastics Group - Taiwan
  • Sical Logistics Limited - India
  • Sree Jayajothi Cements Limited - India
  • Coal Orbis AG
  • bp singapore
  • White Energy Company Limited
  • LBH Netherlands Bv - Netherlands
  • Electricity Generating Authority of Thailand
  • World Coal - UK
  • Power Finance Corporation Ltd., India
  • Humpuss - Indonesia
  • Adani Power Ltd - India
  • Eastern Coal Council - USA
  • Vizag Seaport Private Limited - India
  • Argus Media - Singapore
  • Indian School of Mines
  • J M Baxi & Co - India
  • Altura Mining Limited, Indonesia
  • Bhatia International Limited - India
  • Maybank - Singapore
  • Aditya Birla Group - India
  • Pinang Coal Indonesia
  • IBC Asia (S) Pte Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • ING Bank NV - Singapore
  • Britmindo - Indonesia
  • Thermax Limited - India
  • Enel Italy
  • Surastha Cement
  • Coalindo Energy - Indonesia
  • Qatrana Cement - Jordan
  • Deloitte Consulting - India
  • New Zealand Coal & Carbon
  • Siam City Cement - Thailand
  • NALCO India
  • Vedanta Resources Plc - India
  • Asia Cement - Taiwan
  • NTPC Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • The University of Queensland
  • TANGEDCO India
  • Peabody Energy - USA
  • Shenhua Group - China
  • IHS Mccloskey Coal Group - USA
  • Geoservices-GeoAssay Lab
  • Kartika Selabumi Mining - Indonesia
  • GNFC Limited - India
  • Rio Tinto Coal - Australia
  • Mechel - Russia
  • Shree Cement - India
  • Maharashtra Electricity Regulatory Commission - India
  • Karbindo Abesyapradhi - Indoneisa
  • EIA - United States
  • Inco-Indonesia
  • PetroVietnam
  • Inspectorate - India
  • TeaM Sual Corporation - Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Bank of China, Malaysia
  • Berau Coal - Indonesia
  • Mjunction Services Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Jindal Steel & Power Ltd - India
  • Medco Energi Mining Internasional
  • South Luzon Thermal Energy Corporation
  • ICICI Bank Limited - India
  • Maheswari Brothers Coal Limited - India
  • Bulk Trading Sa - Switzerland
  • Coaltrans Conferences
  • GAC Shipping (India) Pvt Ltd
  • Madhucon Powers Ltd - India
  • Star Paper Mills Limited - India
  • GHCL Limited - India
  • KPMG - USA
  • TNPL - India
  • Asmin Koalindo Tuhup - Indonesia
  • Ministry of Mines - Canada
  • JPMorgan - India
  • Heidelberg Cement - Germany
  • Kalimantan Lumbung Energi - Indonesia
  • Larsen & Toubro Limited - India
  • Gupta Coal India Ltd
  • Coal India Limited
  • Kobexindo Tractors - Indoneisa
  • Japan Coal Energy Center
  • Noble Europe Ltd - UK
  • Carbofer General Trading SA - India
  • UBS Singapore
  • Ince & co LLP
  • GVK Power & Infra Limited - India
  • Wilmar Investment Holdings
  • Arutmin Indonesia
  • ACC Limited - India
  • Borneo Indobara - Indonesia
  • UOB Asia (HK) Ltd
  • Orica Mining Services - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Siam City Cement PLC, Thailand
  • SRK Consulting
  • Russian Coal LLC
  • Bukit Baiduri Energy - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Fearnleys - India
  • Bhoruka Overseas - Indonesia
  • Mitra SK Pvt Ltd - India
  • Petrosea - Indonesia
  • BNP Paribas - Singapore
  • Independent Power Producers Association of India
  • Bharathi Cement Corporation - India
  • McConnell Dowell - Australia
  • Mitsubishi Corporation
  • Malabar Cements Ltd - India
  • ETA - Dubai
  • Videocon Industries ltd - India
  • Toyota Tsusho Corporation, Japan
  • Planning Commission, India
  • Metalloyd Limited - United Kingdom
  • IMC Shipping - Singapore
  • Vijayanagar Sugar Pvt Ltd - India
  • Ministry of Transport, Egypt
  • PetroVietnam Power Coal Import and Supply Company
  • Edison Trading Spa - Italy
  • Platts
  • Globalindo Alam Lestari - Indonesia
  • World Bank
  • Leighton Contractors Pty Ltd - Australia
  • CoalTek, United States
  • HSBC - Hong Kong
  • Thriveni
  • Mercuria Energy - Indonesia
  • Samtan Co., Ltd - South Korea
  • Indika Energy - Indonesia
  • Panama Canal Authority
  • Makarim & Taira - Indonesia
  • ASAPP Information Group - India
  • Australian Commodity Traders Exchange
  • Parliament of New Zealand
  • Indorama - Singapore
  • VISA Power Limited - India
  • Maruti Cements - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Salva Resources Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • SUEK AG - Indonesia
  • Mitsui - Indonesia
  • MEC Coal - Indonesia
  • EMO - The Netherlands
  • Trasteel International SA, Italy
  • Freeport Indonesia
  • Intertek Mineral Services - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Cardiff University - UK
  • GMR Energy Limited - India
  • Bhushan Steel Limited - India
  • PTC India Limited - India
  • Sucofindo - Indonesia
  • Goldman Sachs - Singapore
  • Kideco Jaya Agung - Indonesia
  • Runge Indonesia
  • Merrill Lynch Bank
  • globalCOAL - UK
  • Sojitz Corporation - Japan
  • Bangkok Bank PCL
  • Port Waratah Coal Services - Australia
  • Sakthi Sugars Limited - India
  • Indian Oil Corporation Limited
  • Central Electricity Authority - India
  • Xstrata Coal
  • Indo Tambangraya Megah - Indonesia
  • Ambuja Cements Ltd - India
  • Bangladesh Power Developement Board
  • Malco - India
  • CNBM International Corporation - China
  • Sindya Power Generating Company Private Ltd
  • Petrochimia International Co. Ltd.- Taiwan
  • BRS Brokers - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Kumho Petrochemical, South Korea
  • DBS Bank - Singapore
  • Renaissance Capital - South Africa
  • Standard Chartered Bank - UAE
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Posco Energy - South Korea
  • Interocean Group of Companies - India
  • Lafarge - France
  • Platou - Singapore
  • Australian Coal Association
  • European Bulk Services B.V. - Netherlands
  • Central Java Power - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Singapore Mercantile Exchange
  • Bayan Resources Tbk. - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Reliance Power - India
  • Indonesian Coal Mining Association
  • Merrill Lynch Commodities Europe
  • ANZ Bank - Australia
  • Price Waterhouse Coopers - Russia
  • Chamber of Mines of South Africa
  • Tata Chemicals Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Ceylon Electricity Board - Sri Lanka
  • Oldendorff Carriers - Singapore
  • Core Mineral Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Jaiprakash Power Ventures ltd
  • Thiess Contractors Indonesia
  • Clarksons - UK
  • The India Cements Ltd
  • Xindia Steels Limited - India
  • Anglo American - United Kingdom
  • Orica Australia Pty. Ltd.
  • Banpu Public Company Limited - Thailand
  • Straits Asia Resources Limited - Singapore
  • Bank of America
  • Binh Thuan Hamico - Vietnam
  • Vale Mozambique
  • Holcim Trading Pte Ltd - Singapore
  • CESC Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Glencore India Pvt. Ltd
  • Total Coal South Africa
  • Mintek Dendrill Indonesia
  • RBS Sempra - UK
  • IOL Indonesia
  • PLN - Indonesia
  • Global Coal Blending Company Limited - Australia
  • OPG Power Generation Pvt Ltd - India
  • Coeclerici Indonesia
  • CCIC - Indonesia
  • Gujarat Sidhee Cement - India
  • Bukit Makmur.PT - Indonesia
  • Barclays Capital - USA
  • Rashtriya Ispat Nigam Limited - India
  • Eastern Energy - Thailand
  • KOWEPO - South Korea
  • Cargill India Pvt Ltd
  • Tata Power - India
  • Kaltim Prima Coal - Indonesia
  • Asian Development Bank
  • Thomson Reuters GRC
  • Economic Council, Georgia
  • Commonwealth Bank - Australia
  • Samsung - South Korea
  • Kobe Steel Ltd - Japan
  • Cemex - Philippines
  • WorleyParsons
  • MS Steel International - UAE
  • Miang Besar Coal Terminal - Indonesia
  • Uttam Galva Steels Limited - India
  • Infraline Energy - India
  • Aboitiz Power Corporation - Philippines
  • Coal and Oil Company - UAE
  • Arch Coal - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • Wood Mackenzie - Singapore
  • Antam Resourcindo - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Essar Steel Hazira Ltd - India
  • Parry Sugars Refinery, India
  • Lanco Infratech Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Permata Bank - Indonesia
  • Minerals Council of Australia
  • Neyveli Lignite Corporation Ltd, - India
  • OCBC - Singapore
  • Thai Mozambique Logistica
  • Ministry of Finance - Indonesia
  • APGENCO India
  • PowerSource Philippines DevCo
  • Tanito Harum - Indonesia
  • Simpson Spence & Young - Indonesia
  • London Commodity Brokers - England
  • Jatenergy - Australia
  • Gujarat Electricity Regulatory Commission - India
  • Mercator Lines Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • SASOL - South Africa
  • Indogreen Group - Indonesia
  • Credit Suisse - India
  • Moodys - Singapore
  • The State Trading Corporation of India Ltd
  • Indonesia Power. PT
  • Africa Commodities Group - South Africa
  • Adaro Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vitol - Bahrain
  • Gresik Semen - Indonesia
  • Cement Manufacturers Association - India
  • Deutsche Bank - India
  • CIMB Investment Bank - Malaysia
  • Dalmia Cement Bharat India
  • GB Group - China
  • Ind-Barath Power Infra Limited - India
  • KPCL - India
  • JPower - Japan
  • Savvy Resources Ltd - HongKong
  • McKinsey & Co - India
  • U S Energy Resources
  • Barasentosa Lestari - Indonesia
  • The Treasury - Australian Government
  • Grasim Industreis Ltd - India
  • Thailand Anthracite
  • Kohat Cement Company Ltd. - Pakistan
  • Cigading International Bulk Terminal - Indonesia
  • Coastal Gujarat Power Limited - India
  • Directorate Of Revenue Intelligence - India
  • Karaikal Port Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • SGS (Thailand) Limited
  • Maersk Broker
  • India Bulls Power Limited - India
  • Marubeni Corporation - India
  • Riau Bara Harum - Indonesia
  • PLN Batubara - Indonesia
  • Idemitsu - Japan
  • IEA Clean Coal Centre - UK
  • KEPCO - South Korea
  • Latin American Coal - Colombia
  • Romanian Commodities Exchange
  • SMG Consultants - Indonesia