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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, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although b ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
Friday, 12 April 19
OFFSHORE MENA CONGRESS 2019
Offshore MENA Congress 2019
Event Date : 11-12th Jun. 2019
Location : Cairo, Egypt
Offshore MENA Congress 2019 Offshor ...
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- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Planning Commission, India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
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