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Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
 It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential buyers remains robust while there is no sign of values softening in the short term.
In the Kamsarmax sector the BWTS fitted ‘NORD DESTINY’ (83,684dwt-blt ‘08, Japan) is reported sold at low $14.0m to Greek buyers. The price falls in line with expectations as the slightly older ‘RED LOTUS’ (83,007dwt-blt ‘06, Japan) was recently sold at region $12.5m.
Furthermore, the Panamax ‘ETERNAL GRACE’ (76,585dwt-blt ‘06, Japan) has been reported sold at $9.6m to Chinese buyers. The price is reflective of the fact that the vessel is not fitted with BWTS hence cannot call USA ports despite her good survey position due in 2021. There is a fair demand for Panamax & Kamsarmax bulkers of this age in the market with few ships being under the process of inspections these days and we expect to be able to report more in the coming weeks.
In the Supramax sector, activity has been slower as most buyers have focused on the larger tonnage as result of the spike in freight rates. Nevertheless, clients of Eagle Bulk Shipping have been at the forefront this week as they have announced the acquisition of 6 x SDARI 64 Ultramax bulkers built 2015-2016 in China for $122m en-bloc. Identity of the vessels has yet to be disclosed however it is understood that 4 of them are fitted with scrubbers.
Additionally, clients of Oman Shipping are reported to continuing their dry bulk fleet renewal as they are tipped to have committed 2 x 64,000dwt Zhoushan Changhong Ultramax resales at $23.0m a piece. Moreover, following the recent sale of ‘SINAR KUTAI’ (57,334dwt-blt ‘11, S. Korea) at region $11.0m, we now understand the Indonesian owners have also committed the sister ‘SINAR KAPUAS’ (57,334dwt-blt ‘11, S. Korea) at similar levels.
As far as tankers are concerned, there is still firm interest from buyers both in the crude and product sectors where most sales were reported this week. In the crude sector all eyes are on the VLCC ‘ORIENTAL JADE’ (306,352dwt-blt ‘04, Japan), which is inspectable next week and we hear that a number of buyers is already lined up to inspect her.
In the products side, we are hearing that the Japanese controlled pump room type ‘EAGLE EXPRESS’ (45,902dwt-blt ‘10, Japan) has been committed to clients of Union Maritime at region $16.3m, which shows a slight softening in values compared to recent sales.
Formosa Plastics are reported to have disposed yet another zinc coated MR tanker, the ‘FPMC 23’ (50,999dwt-blt ‘10, S. Korea) at a price close to $15.0m to Greek buyers. Sellers have recently sold the sister to different Greek buyers at slightly lower figures.
By Vasilis Moiris
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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- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Australian Coal Association
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