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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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Wednesday, 31 July 19
INDIA'S 2019 THERMAL COAL IMPORTS SEEN AT 180-185 MLN T - WOODMAC
India is expected to import 180-185 million tonnes of thermal coal in 2019, said Dale Hazelton, head of thermal coal at consultancy Wood Mackenzie. ...
Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The ...
Wednesday, 24 July 19
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.27 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.78 points Monday, down 0.27 percent week on week.
The index, released by Chi ...
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 perf ...
Wednesday, 24 July 19
COAL'S DEMISE QUICKENS IN EUROPE AS MARKET SHIFT IDLES PLANTS - BLOOMBERG
Commodity markets are stripping away the case for coal in Europe, moving quicker than government efforts to close the most polluting power plants.
...
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- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
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