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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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Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize
The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...
Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize
Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...
Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...
Wednesday, 12 June 19
KOSPO INVITES BIDS FOR 140,000 MT OF 4,600 NCV COAL FOR SEP. 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 140,000 MT of minimum 4,600 kcal/kg NCV coal ...
Wednesday, 12 June 19
IMO 2020 - COUNTDOWN TO 1 JANUARY 2020 -HOW WILL THE CHANGES AFFECT REFINING AND SHIPPING? - WOOD MACKENZIE
We know that the IMO’s regulations represent the biggest step change the shipping industry has ever seen and the implications will be felt th ...
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- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Parliament of New Zealand
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
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