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Wednesday, 05 April 17
THE AVERAGE SECOND HAND PANAMAXES AND CAPES PRICES FOR A 5-YR OLD VESSEL HAS INCREASED MORE THAN 19% AND 20% RESPECTIVELY M/M - INTERMODAL
 With the help of what so far appears to be a very strong grain season together with the fact that imports from China have remained so far robust in 2017, it is no wonder that momentum in the Dry Bulk market has become particularly strong, pushing second-hand and lately newbuilding prices as well to higher levels.
The speed in which second hand prices have been firming is indeed impressive across all dry bulk sizes but particularly Panamaxes and Capes, where the average monthly price for a 5-yr old vessel has increased more than 19% and 20% respectively within just one month. A very representative example of this jaw dropping increase is the sale of the Panamax ‘RED GARDENIA’ (76,294dwt-blt 05, Japan), which was sold at the end of February at $7.3m and the sale of the Panamax ‘ALESSANDRO VOLTA (76,806dwt-blt 05, Japan, sold at $10.0m last month.
This strong upward movement in second-hand prices has undoubtedly brought euphoria among owners and has given extra incentive to invest to those who have been feeling a bit insecure to do so, due to this very speedy increase in prices that has brought back memories of past asset bubbles. Saying that, there is a number of medium sized shipowners who have already moved back to the sidelines and there is a good chance to see these owners return to the second-hand market in the near future to invest in the tanker or the container market, where prices have been less strong and could probably offer achieve a bigger premium down the line compared to dry bulkers.
At the same time, collaborations between private equity funds and shipowners have been intensifying again, as the former seem to once more be intrigued by this recent positive reversal in the freight market. So if you wonder “Where did this guy find the money to buy?” the answer is most probably that a fund has provided debt or equity.
This is also the case in regards to newbuilding investments, which started to pop up here and there during the past month. Indeed, as sale candidates have decreased and in addition to the fact that prices of modern second-hand tonnage have started to close the gap with the respective newbuilding price, has caused a spike in newbuilding enquiries by a big number of owners, a substantial part of which has already translated in either firm orders or discussions in the LOI stage.
On the Tanker side things have been less rosy as far as asset prices and SnP activity is concerned. The softening trend in the freight market during the past year has pushed second-hand tanker prices down during the past months but it seems that these cheaper prices have not inspired strong SnP activity.
Indeed potential Buyers were waiting for even lower ideas on behalf of Sellers, with the former seeing no major reason to offer greater discounts on their vessels amidst a freight market that hasn’t been bad. Saying that, we have been lately noticing a few big names starting to invest in the tanker sector once again, fact which might eventually help towards steadier and possibly higher values ahead…after all opportunity is in the eye of the beholder.
By Giannis Andritsopoulos
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.
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Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...
Monday, 31 July 17
THE PORT OF NEWCASTLE SHIPPED 17.08 PERCENT LESS COAL IN JUNE 2017 COMPARED TO ITS MAY LOADING
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,442.8 ...
Monday, 31 July 17
THE FREIGHT MARKET DECLINE THIS PAST WEEK
COALspot.com: The Freight market decline this past week compared to the previous week, as BDI and Panamax indexes show a negative trend week over w ...
Friday, 28 July 17
U.S. WEEKLY COAL PRODUCTION UP 1.4% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 27 July 17
CAMPBELL SHIPPING APPOINTS ISS FOR GLOBAL HUSBANDRY REPRESENTATION SERVICES CONTRACT - ISS
COALspot.com: Inchcape Shipping Services (ISS) is delighted to announce that it has secured a global husbandry representation contract with Campbel ...
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Showing 1991 to 1995 news of total 6871 |
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- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
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