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Wednesday, 24 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
 Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising performance of Capes which, coming from a historical low, managed to reach a five and a half year high within a 3 month period, with the rest of the sizes following the same path, thus creating a positive sentiment. With regards to the SnP, buying interest is stronger than the first quarter of 2019, with the number of transactions having correspondingly increased and SnP values displaying a soft upward trend without excluding the scenario for a bullish increase on values; even if this were to happen during the traditionally quieter August. While the majority of Greek Ship-owners are focusing their attention on the lists of vessels that are available for sale that are younger than 15 years old. It is therefore our opinion that, provided that the dry bulk market continues at these healthier levels, this will automatically increase the chance for older vessels to get sold. This will in turn create the necessary conditions for a possible re-investment, either by renewing fleets with younger vessels or by investing into a different segment.
Regarding Handysize bulkers, from the 52 vessels that were built prior to 2000, the majority of them were bought after 2010, with most of the sales being recorded around 2016 when asset values were at historical lows, making it an easy option to sell. With regards to post 2000 Handies, the majority of them are vessels of 28,000 dwt and with the current value for a Japanese built 2003-2004, which is around low-mid $5.0m and for vessels 2013 built at around low-mid $8.0m, the conditions are looking favourable for a possible fleet renewal. Handymaxes – with an increased concentration of pre-2000 built vessels, will, due to the sheer number of vessels as well as their age, be form a large pool of sale candidates for the near future.
On the post 2000 Handymaxes, the competition and the pressure from bigger Supras of similar age on the chartering front, could be a critical factor in the decision of selling. On Supras and Panamaxes – with most of the owners possessing a company with a fleet of more than 3-4 vessels, the driving force in a potential fleet renewal will be the strategic approach from owners to renew the age of their existing fleet . On Capes – it is important to note that 1/3 of the vessels are newbuilding deliveries placed by the same owners, who have traded these vessels for over 15 years – including the golden years of the dry market- which points to self-evident inferences.
All in all, we expect the Greek market to become an important hub for vessels available for sale in the short run, especially in the age limits that were analysed above, without anyone objecting to the possibility of the continuous increase on freight rates becoming a prohibiting factor for ship owners to sell.
By Nassos Soulakis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.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, 15 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country's Co ...
Monday, 14 October 19
WINTER OIL MARKET OUTLOOK - OPEC
Product markets in the last two months have benefitted from seasonal maintenance which have led to a tighter product market environment, providing ...
Sunday, 13 October 19
INDONESIA: PANAMAX VESSELS OPEN SOUTH CHINA WERE REPORTEDLY FIXED AT $14,000 LEVEL, WITH REDELIVERY BACK IN CHINA - BALTIC BRIEFING
Capesize
The Capesize market managed to find a floor and rally a little this week after several weeks of declines. While the West Australia to ...
Friday, 11 October 19
INDIAN MINERS REJECT PLAN TO LINK NATIONAL COAL INDEX TO FOREIGN PRICES - REUTERS
India’s miners are rejecting a government proposal to establish a national coal index that would be linked to international prices, documents ...
Friday, 11 October 19
THE OCTOBER BENCHMARK PRICE OF INDONESIAN THERMAL COAL DECLINES TO LOWEST SINCE OCTOBER 2016
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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Showing 1316 to 1320 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
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