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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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Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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Showing 1346 to 1350 news of total 6871 |
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- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- PTC India Limited - India
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