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Wednesday, 14 March 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
 Interest in second hand tonnage remains firm with buyers in the dry bulk sector looking to benefit from rising freight rates that are eventually expected to lead to improved asset prices as well. The sentiment on the tanker side is evidently less positive, with buyers taking a step back until a good asset play opportunity arises in view of an admittedly suppressed market.
Activity in the dry bulk sector has been overall firm despite the scarcity of available modern candidates in the market. The lack of sale candidates and the increasing freight market has already pushed values higher in some cases and as we are going into the grain season out of South America this is expected to continue.
Chinese buyers are back in buying mode – more conservative this time though - and are selectively bidding for early ‘00s built tonnage for import purposes. As buyers have a number of options to choose from and as values have recently remained flat in these ages, sales activity remains stable.
Nevertheless, buyers’ appetite remains strong thus this may be a good timing for new acquisitions in view of improving market levels. Comparatively, newbuilding activity has been steady but has not reached excessive volumes, possibly on the back of the uncertainty of the Tier III regulations that has made yards hesitant to commit new designs.
With regards to demolition, as a result of the ‘healthy’ freight rates and despite the current strong demo prices, owners are reluctant to scrap their ships and we have even recently noted increased interest from buyers in pre-2000 built vessels, mainly for Handysize up to Panamax bulkers with a number of transactions being concluded.
On the other hand, in the tanker sector activity remains flat but with some signs of improvement in view of current low values. The products sector has been more active recently with a couple of reported transactions at firming levels and with buyers mostly focusing on vessels built in the last 5-10 years. Period rates in the sector have also been relatively stable, providing some security to owners.
This has not been the case for crude carriers where the extensive pressure the spot market has been witnessing throughout the bigger part of the winter season is now also manifesting on period numbers. Indeed the crude carriers sector is relatively quiet but this may change in the foreseeable future as we are seeing some demolition activity – particularly in the VLCC sector for post ‘00s built units – in recent weeks.
As second hand values appear to have bottomed out – at least for now - and with most owners still reluctant to sell at current price levels, any ‘realistic’ market candidate attracts the interest of a number of buyers looking for a good asset play move. The lack of modern tonnage has resulted in a shift of buying interest towards vessels of around 15 year old of age, the values of which are now substantially closer to the LDT of the respective ships and any slight uptick in freight rates could prove profitable.
By Vasilis Moiris
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, 15 March 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE PAYING IN THE LOW $13K TO S. CHINA AND HIGH $13K TO NORTH IN CHINA
Supramax
More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea w ...
Thursday, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh.
...
Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...
Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...
Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...
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Showing 1771 to 1775 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- PTC India Limited - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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