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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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Friday, 28 September 18
INDONESIA 2018 COAL OUTPUT TARGET NOW AROUND 507 MLN T - ENERGY MINISTRY : REUTERS
Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Minis ...
Friday, 28 September 18
FITCH RATINGS: METALLURGICAL COAL MINERS MAY CURB COSTS AS PRICES SLIP
Strong cost inflation in the global metallurgical coal sector suggests that miners may focus on cost controls as prices decline from their current ...
Wednesday, 26 September 18
IS YOUR CHARTER PARTY READY FOR 2020? - METTE KRONHOLM FRAENDE, BIMCO
As the deadline for the IMO’s global low-sulphur fuel requirements fast approaches, it is necessary to carefully check the bunker clauses in ...
Wednesday, 26 September 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Despite the fact that the dry bulk SnP market saw an admittedly busy summer season, there is a noticeable slowdown in activity during the past thre ...
Tuesday, 25 September 18
THE INCONVENIENT TRUTH OF RISING COAL PRICES - FORBES
Coal prices are not supposed to be rising as governments tighten environmental controls but that’s precisely what is happening at the premium ...
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Showing 1606 to 1610 news of total 6871 |
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- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Planning Commission, India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
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