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Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
 The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to the dry bulk rates, which were stable and sometimes softening along with a considerable decrease of the volume on SnP transactions.
The Handy market was soft and there were no positive signs, due to the fact that asset prices were at low levels until the Easter holidays. Following Easter, we saw that values started to increase from that time until Posidonia with aggressive buyers being firm to purchase vessels. When the “ex-CIELO DI TOKYO” (37,296 dwt-blt ’08, Japan) was sold in May a correction on prices followed. Hence, as is normal, this changed the position of buyers from firm to one of monitoring and waiting on how the market will perform.
Regarding Supras, there are still the usual suspects who noticeably purchased vessels during the past year and remain firm to continue purchasing. The values of the previous months, until the sale of the “FORTUNE UNITY” (53,472 dwt-blt ‘06, Japan), which was sold for $10.5m were stable in the aforementioned levels and had a downward trend for Japanese tonnage. However, last week we saw the vessel of Doun Kissen “NAVIOS ARMONIA” (55,522 dwt-blt ’08, Japan), being committed for $14.2m.
On the other hand, Chinese Supras with the price difference from Japanese Supras (around 30%) attracted Supra buyers and the last three weeks there has been strong interest from Chinese buyers who are interested in Tier II Supras for import.
With the recently introduced regulations in regards to the Chinese flag, the SnP market has a mixed picture of the past 4 weeks, and the consequent change of plans for sellers that own a vessel built between 2001-2003 and as well as for Chinese buyers who are now focusing on Tier II vessels.
As far as Panamaxes and Kamsarmaxes, we can spot limited interest in regards to modern vessels as well as in vessels being built between 2005–2007, despite there being numerous vessels for sale. For Chinese Kasmarmaxes, we witnessed big competition for the Toisa Kamsarmaxes, because of the attractive discount, which made even owners that were focusing on Japanese tonnage to reconsider and to take the chance of purchasing a cheap Chinese Kamsarmax.
Lastly, it is interesting to take a look at the tanker market, as despite an absence of strong competition, some interesting deals took place lately. We saw a VLCC with Japanese flag built ’04 being sold for $22.0m., an Aframax built ’08 being sold for $19.5m and during the last weeks there is a lot of interest in MRs with the majority of the buyers being Greek.
The stable asset prices together with the increase on wet tonnage will most probably lead to interesting opportunities into second-hand tonnage.
By Giannis Andritsopoulos
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
George Panagopoulos
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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Monday, 19 November 18
SUPRAMAX: THE BSI CONTINUED TO FALL LAST WEEK, ESPECIALLY THE ASIAN ROUTES - BALTIC BRIEFING
Capesize
After a cut throat couple of weeks, the market finally appeared to have found a floor and rates ticked up. Those analysts that predict ...
Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
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- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
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