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Wednesday, 24 January 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
 Since the beginning of the New Year we have been witnessing the BDI correcting downwards, which nonetheless seems to have no effect at all on SnP transactions. Indeed, we see that dry bulk second hand prices have been actually moving up, fact that has been rather confusing for some.
In contrast to the latest BDI performance, It seems that most shipowners believe that following the Chinese New Year, the market will quickly recover and once again start moving at encouraging levels, hence their bids for tonnage currently available in the market is usually including a small premium that incorporates this expected positive market reversal that will secure them tonnage in today’s market and save them from competing at higher levels later on when more Buyers will feel encouraged to offer.
Looking at the performance of the Dry Bulk market as of the end of 2017, we notice that the index started to climb from around 1,360 points in mid-November and quickly reached 1,740 points in mid-December. From that point onwards we saw a steady drop that has brought the BDI down to 1,125 points last Friday, representing a drop of around 35% compared to mid-December. As already mentioned above this undeniably sizeable drop has not been reflected on asset prices at all, with modern vessels actually having witnessed an upside. What is also impressive is the number of Dry Bulk SnP transactions on record during this period that has reached 86.
This number is clearly reflecting the impressive buying interest, that is expressed from a number of buying nationalities and is quite intense even for older ships built during 2000-2002 and particularly Handymaxes and Panamaxes. These vessels are predominantly popular with Chinese buyers that aim on a Chinese flag. We have recently seen 7 Chinese buyers inspecting a 2001 built Handymax, evidence of the said interest. This also means that for as long as the local trade in China keeps developing and remains short on vessels, we will most probably see interest in those vessels increased, being the perfect candidates to fit the Chinese flag requirements at the lowest cost because of their age.
Another recent sign of the strong market momentum as far as SnP activity is concerned is the fact that a number of modern vessels that were for sale, were bought on a waving inspection basis; a clear reflection of the firm competition that keeps building up out there. The following month will be particularly interesting as well, as the Chinese New Year that is due in about three weeks is a time during which the market is also traditionally slow. If the SnP market manages to remain stable during this time, this will most definitely be a positive sign for what is coming ahead and an indication of further upside in asset values before the summer season.
Very recently we have also started seeing a number of non-Japanese Handies and Ultramaxes fetching very firm offers, which is an additional indication of the strong buying appetite out there. Let us hope that all these optimistic signs will indeed turn into positive developments for the market following the end of the Chinese New Year and that the recovery for bulkers will continue as smoothly as possible going forward, hopefully avoiding the crazy ups and downs we witnessed during recent years.
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 reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Thursday, 01 February 18
RISING US OIL EXPORTS, MARKET DISRUPTION, BRENT-WTI SPREAD - WOOD MACKENZIE
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
...
Wednesday, 31 January 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
Days before the celebrations of the Lunar New Year, the dry bulk market seems to be holding well, against negative predictions. Period numbers repo ...
Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week ov ...
Monday, 29 January 18
U.S.WEEKLY COAL OUTPUT UP 8.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.6 million short tons ...
Tuesday, 23 January 18
OIL MARKET ANALYSIS - ALLIED
Brent oil futures hit a three year high on January 16th touching around USD 70.30 before falling back down to around USD 68.60 at the Time of this ...
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Showing 1821 to 1825 news of total 6871 |
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- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Planning Commission, India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
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