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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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Tuesday, 25 September 18
THE INCONVENIENT TRUTH OF RISING COAL PRICES - FORBES
Coal prices are not supposed to be rising as governments tighten environmental controls but that’s precisely what is happening at the premium ...
Saturday, 22 September 18
SHIPOWNERS URGENTLY NEED A FUEL-MANAGEMENT PLAN - METTE KRONHOLM FRAENDE, BIMCO
With the majority of ship operators expected to choose low-sulphur fuel over scrubbers to comply with the new IMO sulphur cap regulation, all eyes ...
Saturday, 22 September 18
GERMANY'S MOVE TO SCRAP COAL WILL COST TAXPAYERS - BRIAN PARKIN | WILLIAM WILKES
Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine th ...
Saturday, 22 September 18
FITCH RATINGS: WORLD GROWTH FORECAST CUT ON US-CHINA TRADE BATTLE
Protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook, with th ...
Tuesday, 18 September 18
COOLING OUTLOOK FOR COAL - KATE JONES
At a time of increasing focus on the renewables market as the world seeks to clean up its act to prevent climate change, what is the outlook like f ...
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Showing 1611 to 1615 news of total 6871 |
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- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Australian Coal Association
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
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