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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, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
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- White Energy Company Limited
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Economic Council, Georgia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
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