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Wednesday, 29 November 17
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
 In line with most expectations for the end of this month, during the past days the Dry Bulk market realized a significant rebound that sent the BDI above 1,500 points once again. Given the quickly approaching holidays in December that are followed by the Chinese New Year festivities, it is certainly too soon to tell whether and for how long this uptrend will last for.
As far as SnP interest is concerned we could say that this remains flat in terms of active buyers, whereas in some cases we have witnessed a slight softening in asset values as well. This does not mean though that owners have withdrawn their interest for acquisitions; in contrast, they are closely monitoring the market in order to be able to make their move at the right time.
When the will the right time come is – as usual – the million dollar question, however coming close to the end of the year one cannot overlook the fact that the dry bulk market has improved massively since the lows of last year, neither the fact that whenever freight rates have come under pressure during recent months strong resistance has been displayed.
Even though asset values have more than doubled in some cases, it seems that there could still be more upside on the way as we have only recently started coming out of the worst market in about 30 years.
As far as the tanker market is concerned, it is evident that we are on the low side of the cycle and many inevitably draw a comparison to what we have seen in the dry bulk market during last year. Even though the entry restrictions are more complicated in this case compared to the dry bulk market, we are seeing new players entering the sector with a expectations to see a significant appreciation of their ships in the years ahead in the same way those who invested in bulkers did.
In the SnP market, a lot of interest has been drawn into the larger crude tanker sizes like VLCCs and Suezmaxes where we have recently seen the most transactions being concluded. Clients of Ridgebury Tankers have reportedly acquired a quartet of older VLCCs, whereas Greek buyers have been linked to some of the most recent acquisitions in the Suezmax and Aframax sectors.
One could point out that the current orderbook in these sectors is not particularly light, specifically in the VLCC segment; however being at this point of the market even a fractional improvement on freight rates could have a positive impact on asset values.
All in all, the question raised could be which sector to invest in and when. Well, there are various parameters to take into account but from a long term point of view things might not still be great in the dry bulk market but the ball is rolling compared to last year and we have seen a couple of positive spikes this year which have added to improvement in values and rates. At the same time tankers have been struggling this year and this could be a good opportunity for owners to make an asset play similar to what we have witnessed in the last couple of years in the dry bulk sector.
By Vasilis Moiris
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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Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...
Tuesday, 28 November 17
THE DRY BULK MARKET HAS SHOWN A REMARKABLE RECOVERY THIS YEAR - GEORGE LAZARIDIS
The Dry Bulk market has shown a remarkable recovery this year with the average earnings having increased by around 63% this year so far compared to ...
Friday, 24 November 17
U.S. PRODUCED 14.9 MMST FOR THE WEEK ENDING NOV 18; UP 0.9% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
Thursday, 23 November 17
PANAMAX: ANOTHER SLOW AND UNEVENTFUL WEEK; DECREASING FREIGHT RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
A quiet start to the week. USG closed last week a bit tighter, and continued into the new week on a positive tone with little concluded, ...
Wednesday, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strateg ...
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Showing 1866 to 1870 news of total 6871 |
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- Minerals Council of Australia
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
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