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Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
 Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, accounting for 60% and 40% of the dry bulk (>20kdwt) and tanker (>10kdwt) sales including the sale & leaseback deals as well as whole fleet takeovers.
Aside those nationalities though, there are also others that do pose particular interest when someone tries mapping the SnP market as a whole despite the fact that they so far account for a much smaller number of transactions.
Starting with Indonesia, interest from local Buyers is expressed in both sectors, with 15 bulkers and 13 tankers ending up in Indonesian hands so far in 2018. On the dry bulk side Indonesian owners have been focusing on Handymax and Supramax candidates up to 56kdwt, while age-wise the range starts from ships built in early 2010 up to 20-year old ships, with the majority built in the early-mid 2000s. On the tanker side, there is interest for all sizes from small Chinese built chemical tankers and j19st-st tankers up to VLCC. Handy and MR candidates built in the early-mid 2000s gather most of the interest. The SnP presence of Waruna is worth mentioning here, given the fact that the specific Indonesian owner is responsible for the big range of deadweight found in tankers ending up in Indonesian hands, having acquired more than half of all such vessels so far.
Vietnamese buyers show almost equal interest in tankers and bulkers, while the focus is on Japanese j19st-st tankers and on the dry bulk side almost exclusively on Handysize units built during the late ‘90s and up to 2005.
Almost equal activity between the two sectors has been also displayed by UAE based owners, with purchases focusing on Handy-MR units built in the late 90's up to early 2000s on one side, while on the dry bulk side focus is on older Handysize and Panamax vessels.
Turkish and Indian buyers on the other hand show a clear preference in one of the two sectors instead of both. The first have been focusing on late 90's early 2000’s built Handysize bulkers, while Indian owners show a clear preference to early 2000’s MRs, with owner Seven Islands responsible for almost half the deals concluded so far.
With the exception of UAE, all of the above markets have bee also witnessing a correction of their respective local currencies against the US dollar. The drop might be only marginal in the case of Vietnam but the rest of the economies are looking at substantial discounts. Indeed, the Turkish lira has lost almost half of its value compared to a year ago, while the Indian and Indonesian currencies have witnessed a discount of around 10% within the same period.
Therefore, despite the softer buying power most of these nations seem to be witnessing, they still seem to be committed in shipping investments. Their share might be much smaller compared to those nations in top places, but given their sizeable presence in specific sub-segments in both the dry bulk and tanker sector their importance/influence within these markets is already considered important, while stability in local currencies could increase their impact substantially.
By Nassos Soulakis
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, 11 December 18
SHIPPING MARKET ANALYSIS - ALLIED
A lot of discussions have been made as to the effects of the IMO 2020 regulation on OPEX levels, investment feasibility of& ...
Tuesday, 11 December 18
PORT OF NEWCASTLE SHIPPED 10.849 MMT OF COAL IN NOVEMBER DOWN 23.44 PERCENT MOM
COALspot.com: The Port of Newcastle, Australia’s major trading port and the world’s largest coal export port has shipped A$ 1,574.8 mil ...
Thursday, 06 December 18
IN THE EAST, BIGGER SUPRA WAS FIXED CA US$ 10K FOR INDO-CHINA COAL ROUND - FEARNLEYS
Capesize
There is cautious optimism for the Capes, with healthier volumes and improving rates in the Pacific. West Australia round is gradually ...
Thursday, 06 December 18
U.S. COAL CONSUMPTION IN 2018 EXPECTED TO BE THE LOWEST IN 39 YEARS - EIA
EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. U ...
Thursday, 06 December 18
DEMAND RISKS WEIGH ON GLOBAL SHIPPING SECTOR OUTLOOK - FITCH RATINGS
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings say ...
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- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- White Energy Company Limited
- Planning Commission, India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- The University of Queensland
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
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