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Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
 During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear impact on the SnP market. The period in which Covid-19 prevailed in both Asia and Europe has brought many changes and created great insecurity to shipowners, a feeling that has not totally disappeared as there is always the fear of a new potential lockdown. However, market dynamics during the last month attracted the interest of many investors, an interest that had moved to the side-lines for many months amidst the low freight rates and the technical issues in inspecting and delivering vessels.
As a result, secondhand sales in the last month increased greatly, compared to the March-April period while the Dry bulk candidates draw most of buyer’s attention. Consequently, this had an upward impact on asset values and mainly on bigger sizes such as Panamax and Capesize vessels, a consequence not limited to the higher freight rates but also due to the fact that many buyers rushed to buy secondhand ships. In contrast to the rest of the sizes, the Handysize secondhand activity did not support such a rise on vessel values despite the fact that many sales took place.
An interesting fact regarding the SnP market is that during this crisis, the most affected prices were those of Handsizes. We have witnessed 10 years old ships more than 30k dwt being sold for approximately 5.5 million and similar Japanese ships with both SS and DD passed being sold for about USD 7 million. Also impressive was the deal in the Handysize sector, which happened recently, where Nisshin Shipping sold two Japanese 38k dwt vessels built in 2014 for USD 12.5 million; evidence that the Handysize prices didn't follow the same trend of the other sizes.
On the other hand, In the Supramax sector, owner of a Japanese 15 years old vessel in early-mid June was aiming at low USD 6 million while the same vessel today, is trading at low USD 7 million, an increase of 15-20% on its asset value.
It is worth mentioning that although we saw vessels staying spot or even mooring for days during the first quarter of 2020, almost a similar situation to 2016, prices did not retreat at the same levels. This indicates that the shipowners did not follow the similar trends as of during 2016, where Japanese 15-years old Supramaxes and 10 years old Panamaxes have been sold at 3-3.5 million and 6 million respectively.
Let us hope that the sentiment will maintain its upward momentum and we will finally see a better market ahead.
By George Iliopoulos
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, 25 November 20
MARKET INSIGHT - INTERMODAL
Over 90% of the world’s goods are transported by sea. LPG is a clean, energy efficient and portable fuel that is being marketed at an afforda ...
Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
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- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
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