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Wednesday, 06 May 20
MARKET INSIGHT - INTERMODAL
 It comes as no surprise that activity in the dry bulk SnP market remains soft, with asset values caught in the downward spiral generated by the Covid-19 shockwaves of declining demand for a number of commodities and the subsequent pressure on freight rates. Preliminary data reveals a 56% drop in the number of dry bulk second hand sales year to date, while we expect this trend to continue in the short term as the vast majority of Buyers remains reluctant to proceed decisively and invest in available candidates. The fact that the gap between their price ideas and those of the respective Sellers remains wide, together with the growing uncertainty surrounding the prospects of the sector, have pushed more investors to the sidelines at least for the time being.
In total contrast with what’s been happening on the dry bulk side, activity in tanker sector remains robust, with Buyers competing intensely to secure vessels with prompt delivery in order to take advantage of the improved freight market. As a result, asset prices have been moving up quickly across the different sizes and respective age groups.
The M/T Olympic Leader (309kdwt blt ’05, S. Korea) is reported sold for USD 39.2m to Greek buyers c/o Altomare, while the price includes a BWTS on order. This is the second VLCC this Buyer has been linked to, following the purchase of M/T TI Hellas (319kdwt blt ’05, S. Korea) a couple of weeks ago. In any case, the price of M/T Olympic Leader shows a further increase in values after the recent sale of M/ T Takasaki (300kdwt blt ’05, Japan) at USD 37.8m.
Following last week’s Aframax sale of M/T Pallas Orust (114kdwt blt ’04, S. Korea), which was bought by Indonesians at USD 14m, the Greek controlled LR2s M/T Makronissos (106kdwt blt ’02, S. Korea) and M/T Agathonissos (106kdwt blt ’02, S. Korea) are now reported sold at region USD 13m each, which is in line with the market.
In the MR segment, Monaco based buyers c/o Transocean are being linked to the acquisition of M/T Glenda Meredith (46kdwt blt ’10, S. Korea) at a rumoured price of USD 19m basis BWTS fitted. It is interesting to note that this is the first reported sale of a deepwell pump MR2 of this vintage since mid-January.
Going forward, uncertainty reigns over both the dry bulk and tanker second-hand markets for different reasons. On one hand, dry bulk asset values still fail to reflect the returns in the freight market, rendering an alignment of Buyers’ and Sellers’ ideas challenging and further impeding SnP activity as a result. On the tanker side, the fact that freight rates have been moving down quickly in the past days could substantially impact the appetite of Buyers given that it was the lucrative returns that enticed them in the first place to go after prompt delivery candidates that would allow them to enjoy a quick and substantial return on their investment.
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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Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
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Showing 101 to 105 news of total 6871 |
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- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
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