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Wednesday, 02 November 16
SHIPPING MARKET INSIGHT
 A week before the U.S. presidential election, everyone is eager to see the socio-political effects that the result of these elections will have. As far as the shipping industry is concerned, shipping indices historically display neutrality when similar political events occur, despite the uncertain nature of such events, which mainly affect stock markets. What could affect our industry in this case though, are possible changes in the US trade policy in case of extreme political choices which would be more evident starting next year, when the actual change of presidency will take place.
Moving on to the present and to the dry bulk SnP market, we are currently noticing increased activity. This activity does not only limit to simple interest or inspections on behalf of potential Buyers but also translates into actual deals, and even though the last quarter of the year is traditionally stronger in terms of activity anyway, this year round we are noticing even stronger momentum.
We are noticing that sales of dry bulk tonnage have nearly doubled in October compared to September, with Buyers mainly focusing on Supramax up to Panamax vessels, while activity in October is increased by 163% when compared to the same month in 2015. The title of the most hot size fairly belongs to modern Chinese Supramaxes and Ultramaxes, with 8 and 9 units respectively representing over 20% of all October 2016 dry bulk sales. Representative of the trend in prices for modern Supramaxes is the rumoured sale of the “CS AZALEA” (57kDWT, 2010, Zhejiang) which was sold for USD 7.0m to Turkish buyers, whereas the prices for Chinese resales fluctuated at around USD 18.0m, with the “DIVINE SEAS” (63kdwt 2016 Yangzhou Dayang) going to Greek buyers for a price between USD 18.3-18.6m.
Out of the 26 Panamaxes/Kamsarmaxes that were sold, 12 were built between 1999 and 2002, most of the them went to Chinese buyers. In regards to price levels in this instance, the “PAN UNO” (76kdwt, 2001, Japan) was sold for USD 4.6m and the one year younger “NEW COMMAND” (76KDWT, 2002, Japan) left for USD 5.0m, are currently dictating market levels. The rest of the deals in this size, concerned much younger vessels, like for example the “BAROCK” (82kdwt, 2007, Japan) which was sold at the end of October by Greek buyers for USD 11.3m.
As we wait to see what the duration of this strong momentum in dry bulk SnP activity will be, we also look out for all the upcoming socio-political developments as well as what could 2017 – the year of the rebound of the market for some – bring.
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.
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Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
Wednesday, 12 October 16
MARKET INSIGHT - LINOS KOGEVINAS
Another Monday has gone by, bringing with it further turbulence for oil. A series of meetings between high-production nations Russia & Saudi Ar ...
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- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
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- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
- Australian Coal Association
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- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
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- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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