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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, 02 October 18
PANAMAX: A FURTHER RISE ACROSS ALL MAIN ROUTES THIS WEEK - ALLIED
Capesize
Finally an upward recovery was in sight in the spot market the past few days, after the prolonged negative pressure noted the weeks pr ...
Tuesday, 02 October 18
THE PRICE OF OIL CONTINUES ITS CLIMB AMIDST A SERIES OF CONCERNS REGARDING SUPPLY CONSTRAINTS - GEORGE LAZARIDIS
It has been a busy week for oil traders as the price of oil continues its climb amidst a series of concerns regarding supply constraints.
...
Tuesday, 02 October 18
INDONESIA GETS READY TO MEET INCREASED COAL DEMAND FROM CHINA, FREIGHT TO RESPOND - MIKAL BOE
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 m ...
Monday, 01 October 18
SUPRAMAX: A 56,000 DWT FIXED DELIVERY FOR A SURABAYA TRIP WITH REDELIVERY TO WEST COAST INDIA AT $13,500 - THE BALTIC BRIEFING
Capesize
A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the ...
Monday, 01 October 18
A NO-DEAL BREXIT WILL UNDOUBTEDLY HAVE CONSEQUENCES FOR IMPORTERS AND EXPORTERS - KATE JONES, THE BALTIC BRIEFING
If you live in the UK, you might be finding it difficult to get away from the Brexit debate. “Hard Brexit”, “soft Brexit”, ...
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Showing 1601 to 1605 news of total 6871 |
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- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
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