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Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
 During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a number of Greek buyers showing intense interest in 15-year old Supramax and Panamax vessels, which led values in some cases to appreciate even more than 50% in the time span of seven to eight months. Indeed the quick reversal in second hand prices showed its first signs in the very beginning of the year, when a sudden psychology boost post New Year’s on the back of an improving freight market pushed the price of 2005 built Panamax from USD 7.3m at the end of February to around USD 10.0m about two weeks later on.
The momentum in second-hand prices was so strong that throughout the downward correction of freight rates during the second quarter, asset values moved downwards a bit but resisted very well nonetheless. The number of transactions that took place during this time was evidently smaller, as Sellers didn’t seem ready to give in the pressure and some had to withdraw their vessels waiting for a positive correction of the market. A representative example during the past weeks is that of the Panamax bulkers M/V ‘BULK MONACO’ (76,596dwt-blt 08, Japan) and the M/V ‘UNICORN OCEAN’ (78,888dwt-blt 08, Japan), the owners of which were unsatisfied with the offers they received and decided not to sell.
The Capesize market also witnessed a similar trend following the sale of the M/V ‘YURITAMOU’ (180,184dwt-blt 07, Japan) at USD 23.4m in May. The M/V ‘IVS CABERNET’ (177,173dwt-blt 07, Japan) that came up as a sale candidate following the former sale, saw very limited buying interest and the highest offered it received was in the mid USD 16.0m, which led to its withdrawal from the market.
As far as Supramax vessels are concerned, we could say that Chinese candidates are currently the most tempting deals. Indeed, 10-yr old Chinese Supras are now sold at less than USD 9.0m, while a few days ago a Japanese Supra built in 2003 was sold at USD 8.0m.
With the increased asset values on the dry bulker side, many ship owners with diversified fleets have also focused on the tanker market and in some cases on containers as well. The MR segment has witnessed increased SnP interest during the past months, with traditional tanker owners opting for 15-yr old vessels, as prices in that particular class were seen relatively more attractive. Despite this revived investing in the segment though, the pressure on behalf of perspective Buyers is still present, with the market showing a lack of direction at the moment. There are currently some “private” units marketed, belonging to Sellers who appear willing to only sell at levels in line with the market.
Looking at the Aframax/LR2 segment, Sellers here are slightly more confident, as Buyers, in this case, appear more determined to approach their ideas. With regards to the newbuilding market, despite the increased order book in the bigger tanker sizes, there is still a very healthy number of orders being reported pretty much on a weekly basis, with notable interest in S. Korean MRs and Aframaxes/LR2s. Whether this trend will resume throughout the remainder of the year is early to tell, although we won’t be surprised if that proves to be the case given what we have seen during the first half.
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.
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Friday, 05 January 18
COAL DEMAND TO REMAIN FLAT TO 2022, RESULTING IN A DECADE OF STAGNATION - IEA
Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the ...
Thursday, 04 January 18
SUPRAMAX: INDO TO CHINA WERE FIXED AT AROUND $8K DAILY; DOWN AROUND 27% WOW
Supramax
Q1 kicked off with an usual standby with all counterparts waiting for the market to take direction. Further holidays in East-Europe adde ...
Wednesday, 03 January 18
KOMIPO TO BUY 130K TONS OF MIN. 5700 NAR COAL FOR FEB 2018 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 130k Metric Tons of min. 5700 NAR coal to be burnt a ...
Friday, 29 December 17
PORT OF NEWCASTLE SHIPPED A$ 1.527 BILLION WORTH OF 12.65 MT OF COAL IN NOVEMBER
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1527.6 M ...
Friday, 29 December 17
U.S WEEKLY COAL PRODUCTION SLIGHTLY UP FOR THE WEEK ENDING 23 DEC, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tons ...
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Showing 1836 to 1840 news of total 6871 |
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- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
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