We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
 In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do with traditionally crude carriers and 29 involving ships from 33kdwt up to 78kdwt. As brokers we can say that even if there were twice as many ships available for sale there would still be buyers left hungry for tonnage. The strategy of investing in a low market seems to be in full effect now. Shipowners are willing to purchase and subsidize a tanker for a period of time until better days are on the horizon.
So, are better days upon us soon?
The same question was asked back in 2016 when the dry market was in trouble and assets were being sold for almost 40% less compared to now. Many back then thought that the market would sink even further. Instead, improving fundamentals and a consequent change of mood resulted in an asset value rally that lasted all the way until the second quarter of 2018.
As far as the tanker market is now concerned, the reality is that better days have been anticipated during the past couple of years, with different milestones set for crude and product tankers respectively. The product story, the BWMS system story and the demolition story were some of them, with the last one being tight up mostly to crude carriers that saw an overwhelming increase in scrapping activity. Now the latest milestone is 2020 for the product segment and early 2019 for crude tankers.
The product market milestone has a lot to do with the low sulfur regulations and an anticipated need for low sulfur fuel that will render product carriers from - MRs to LR2 (LR3 are also being mentioned a lot also) - the vessels of choice. On the crude side, things are already looking better every day for the past couple of weeks. Sentiment is positive and ships for sale are scarce, while depending on the resilience of the rates we might actually see a rise on values sooner rather than later.
On the other hand there is an abundance of MR candidates of 9 up to 14 years old, Japanese owned and built. Interesting enough we don’t see a lot of Korean built MRs for sale, but that has to do mostly with the profile of owners. Japanese owned ships are usually placed in the market just before their employment expires and with the frequency we see new ships being circulated we can assume that charterers are not very keen to extend employment. A plethora of ships usually leads to lower prices as buyers have the tendency to either wait or offer less than the last done reported deal when supply is ample. Either way the product segment is trailing its crude counterpart, at least for now when it comes to sentiment.
It seems that the market is bottoming out and depending on the respective strategy of each owner there is a variety of opportunities to invest. As it is always the case when a sector has suffered bad earnings for a prolonged period of time, resulting in diminishing asset prices, buyers can assess easier the market as when to invest, and now more than ever it is a buyers market.
By Timos Papadimitriou
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...
Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the mar ...
Monday, 03 December 18
WCA'S ENGAGEMENT AT COP24 IN KATOWICE - WCA
The 24th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will take place from the 2-14 December 2018 in K ...
Monday, 03 December 18
SUPRAMAX: FIXED DELIVERY KALIMANTAN TO WEST COAST INDIA, AT $11000 - THE BALTIC BRIEFING
Capesize
A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week ...
|
|
|
Showing 1541 to 1545 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- MS Steel International - UAE
- Australian Coal Association
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
|
| |
| |
|
