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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 market. Whatever the case may be, it seems that at least for now soft sentiments belongs to the past, with both the spot and period market steadily firming. Given the improvement in sentiment, it is normal that appetite in the SnP would also increase, while besides interest from specific ship-owners that were looking to invest for a while now, there is also interest from new Buyers who are encouraged by the performance of the freight market.
Focusing on the past couple of weeks, there are rumours that a K-Line Aframax, namely the ‘SINGAPORE RIVER’ (115,126dwt-blt ‘09, Japan) with SS/DD due in March 2019, was committed at $23.5 million, whereas, in June during Posidonia, Bergshav purchased a sister vessel from the same sellers, namely the ‘SENTOSA RIVER’ (115,146dwt-blt ‘08, Japan), for a price in the region of $19.0 million, which translates to an impressive increase of around 17% in less than six months (including yearly depreciation for the age difference).
Another noticeable sale is that of the ‘TOLEDO SPIRIT’ (159,342dwt-blt ‘05, S. Korea), where almost ten Greek Buyers inspected the vessel and competed aggressively, with the vessel eventually changing hands for $19.0 million.
On the MR side the improvement is also evident. In the beginning of October the Doun Kisen vessel, namely the ‘HIGH ENTERPRISE’ (45,967dwt-blt ‘09, Japan), was sold to Greek owners, Spring Marine, for a price in the region of $13.95 million. A month after this deal, the same owner sold the ‘SILVER EXPRESS’ (47,401dwt-blt ‘09, Japan), for a price in the region of $15.3 million, while during the past week the ‘HIGH PEARL’ (48,023dwt-blt ‘09, Japan), was reported sold for a price of $16.0 million.
We expect SnP interest in the sector to remain firm at least for as long as earnings remain around the healthy levels of late and given that there will be no wild volatility in the freight market during this winter we should also see additional premiums on future deals, especially in high quality tonnage of up to ten years of age.
By Giannis Andritsopoulos
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, 14 December 18
KOSPO INVITED BIDS FOR 320,000 MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,300 kcal/kg NCV coal per ...
Friday, 14 December 18
KOSPO INVITES BIDS FOR 1,177,000 METRIC TONS OF COAL FOR Q1' 19 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 701,000 MT of min 5,600 kcal/kg NCV coal and ...
Friday, 14 December 18
COAL IMPORT TO BE CHECKED BY RISING DOMESTIC PRODUCTION - FINANCIAL EXPRESS
The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, ...
Thursday, 13 December 18
STRAITS AFFECTED BY TERRITORIAL DISPUTE BETWEEN SINGAPORE AND MALAYSIA - THE STANDARD CLUB
A recent territorial dispute has occurred between Singapore and Malaysia involving the Straits of Johor.
The Malaysian Attorney Gene ...
Wednesday, 12 December 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
China’s monthly iron ore imports dropped for the first time this year joined by declines in copper and soybeans as economic growth slows in t ...
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Showing 1531 to 1535 news of total 6871 |
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- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
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