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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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Thursday, 05 April 18
INDONESIA TO POSTPONE NEW COAL, PALM OIL SHIPPING RULES TO 2020 - REUTERS
Indonesia will delay until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, government offic ...
Tuesday, 03 April 18
MARKET ANALYSIS - GEORGE LAZARIDIS
In the midst of a relatively quiet week for markets, with disruptions being caused by the Christian holidays, it seems as though we find ourselves ...
Monday, 02 April 18
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT, SAYS VISTAAR
The freight market softening to continue. Thursday, March 29, 2018, the Baltic Dry Index decreased by 42 points, reaching 1080 points.
T ...
Monday, 02 April 18
THIESS TO DELIVER $150M SENAKIN CONTRACT EXTENSION
Thiess has secured a $150 million contract extension to provide mine services at Arutmin’s Senakin coal mine in South Kalimantan, Indonesia.
...
Monday, 02 April 18
THIESS SECURES $240M SATUI EXTENSION
The successful implementation of an innovative mining plan by Thiess at the Satui coal mine in South Kalimantan, has resulted in a $240 million con ...
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Showing 1751 to 1755 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- PTC India Limited - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- The University of Queensland
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Planning Commission, India
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