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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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Wednesday, 12 September 18
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
A recovery in the shipping market since last year has buoyed optimism amongst the people in the industry. Yet if you are to ask most ship-owners if ...
Monday, 10 September 18
HANDYSIZE: PERIOD ACTIVITY REMAINED LIMITED WITH A 37,000DWT REPORTEDLY FIXED FOR FOUR TO SIX MONTHS AT $10,500, OPEN IN MALAYSIA IN MID-SEPTEMBER - BALTIC BRIEFING
Capesize
Rates came under pressure for the big ships last week, despite paper values holding at reasonable levels as these trades continued to ...
Thursday, 06 September 18
INDONESIAN COAL PRICE REFERENCE FALLS FOR FIRST TIME IN 3 MONTHS
COALspot.com: The benchmark price of Indonesian thermal coal falls for first time in three months.
According to the latest min ...
Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
Capesize
The big ships experiencing a bump in the road towards what is commonly expected to be by far the best period of this year. Average dai ...
Wednesday, 05 September 18
ASIAN DEMAND COULD CREATE DEFICIT IN GLOBAL LNG MARKET - FITCH RATINGS
Growing gas demand from Asia, particularly from China, could swing the liquefied natural gas (LNG) market into a deficit by 2022-2025, Fitch Rating ...
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Showing 1626 to 1630 news of total 6871 |
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- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
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