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Wednesday, 02 September 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
 In the beginning of the summer period SnP activity was firm with numerous buyers, coming mainly from Greece and the Far East, inspecting ships and competing, something that eventually drove asset prices up along together with the rise in the freight market.
Many ship-owners believed, and some of them still do, that maybe this upward movement in rates was the beginning of better days for the market that had remained stacked for a prolonged period of time at extremely low levels.
As owners observed more cargos becoming available and charterers paying more to fix dry bulk tonnage, sentiment changed and morale overall improved, leading even those owners that refrained from SnP activity for over a year, to step off the sidelines and start exploring buying opportunities. So up until the end of July we saw a significant rise in interest for dry bulk second-hand tonnage and more specifically Panamax and Capesize vessels.
Unfortunately, this interest stalled and on top of that rates started to decline on the back of bad news coming from the Chinese stock market and the local economy, which have more or less affected the markets worldwide, pushing down further commodity prices as well.
But, has China’s crisis affected shipowners buying appetite? After studying recent records of SnP activity we could argue that buying interest remains overall firm, something that can be also deducted from the number of buyers inspecting modern and older vessels that are available for sale.
Essentially, China’s economic turmoil has mostly affected the levels that buyers are willing to offer and not the interest to buy per se. In fact, we observe that for a number of sale candidates out there, five to ten buyers have expressed their interest, a sign that interest remains firm despite the negative correction in freights and worries from the Far East. For example the “TENNEI MARU” (58kdwt, blt 09 China) was inspected by ten parties, the “OCEAN CHIE” (52kdwt, blt 03 Japan) by seven, while the “RONDEAU” (76kdwt, blt 06 Japan) attracted the interest of five or six prospective buyers.
Hence, we could say that even though the market was definitely affected by China’s recent crisis, many Greek and other owners keep their eyes wide open and are ready to make their move feeling that it is probably the right moment to do so. This in itself reflects the fact that many owners indeed perceive current asset prices as low and attractive and additionally that there is some optimism still surrounding the future of the Dry Bulk market.
It is, as always, of great interest to see how the SnP and Freight markets will behave in the last quarter of 2015, as throughout this year prices have been moving lower and lower compared to 2014, and numerous transactions took place, involving both traditional players as well as fairly young medium-sized firms.
Finally, let us hope that soon we will see some positive changes and robust growth in the world economy something that will help our industry advance and find its way out of the crisis that has been dominating post 2008.
By George Iliopoulos
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 re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Friday, 28 August 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING AUGUST 22 ROSE FOR THE THIRD STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.5 million shor ...
Friday, 28 August 15
BANPU STRENGTHENS GROWTH PLAN
Coal Business: Asia-Pacific Synergies Increase Competitiveness for Premium Export Market.
Banpu Public Company Limited (BANPU) strengthens its ...
Thursday, 27 August 15
RATES FOR CAPES REMAINED ON A FREE FALL LAST WEEK - INTERMODAL
COALspot.com: Keeping everyone on their toes with the volatility seen in August, the Dry Bulk market undoubtedly remains a steady provider of chall ...
Wednesday, 26 August 15
MARKET INSIGHT - STRATOS TINIAKOS
It’s always interesting to comment on the market when big economies around the world are facing troubling times. Following the collapse of th ...
Wednesday, 26 August 15
2Q'16 FOB INDONESIA COAL SWAP FALLS NEARLY 4.76 PER CENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap was declined $ 2.20 (-5.13%) p ...
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- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- McConnell Dowell - Australia
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