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Wednesday, 25 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
 As another year in the shipping industry is coming to an end, it is interesting to look at the dry bulk and tanker markets and how these performed in 2019.
In the tanker sector, 2019 is undoubtedly closing positively when compared to the previous two years. VLCC time charter earnings during October reached around $100,000/day, a level that has been sustained up until today. The one-year period was even quoted at $55,000/day at one point during the last quarter, which was an impressive increase of more than 40% compared to January 2019 levels. The United States sanctions against Iran, Venezuela and eventually vessels calling these ports seemed to have supported rates as a significant amount of tonnage was blacklisted and there unable to trade as before.
Apart from the sanctions, upcoming regulations have also given support to earnings in the sector. Indeed, during the second half of the year a big part of the fleet was in drydock for scrubber retrofitting purposes decreasing the tonnage available for trading as a result. Sanctions and retrofits together with seasonality created the perfect blend for the tanker market that is enjoying very firm levels up until today.
With regards to secondhand prices and following the increase on freight rates, asset values across all sizes and ages also increased. Lastly, as far as SnP transactions are concerned, the increase in MR sales is definitely worth mentioning, with year to date figures showing a 43% increase as owners seemed to be placing more and more confidence to this size as the year progressed.
Focusing on the dry bulk industry, it was a year with many ups and downs. After a very disappointing first half we witnessed a rally on freight rates that started as soon as July kicked off, with rates especially for Capes seeming unstoppable and reaching even five-year highs in some cases. The start of September marked the pick of the BDI for the year, with notable decreases having taken place since then.
Going forward and taking into consideration the change of regulations it seems to be very difficult to foresee any market reaction until February 2020. As far as SnP prices are concerned values have been softening especially for vessels older than 10 years old, while on the newbuilding front values have also been correcting downwards given the distinct lack of interest for dry bulk orders this year.
All in all, next year is expected to be a landmark year for the industry and undoubtedly everyone involved in shipping is eager to see what happens. We wish Happy New Year to everyone.
By George Panagopoulos
Research Analyst
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
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.
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Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
...
Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...
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Showing 1421 to 1425 news of total 6846 |
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- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
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