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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.
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.
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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 ...
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- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
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