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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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years
Utilities globally started changing the way they do business ye ...
Friday, 04 September 20
KOMIPO INVITED BIDS FOR AUSTRALIAN MIN 5,700 NCV COAL FOR NOVEMBER
COALspot.com: Korea Midland Power Co. Ltd, has issued an International tender for 260,000 MT Min.5,700 kcal/kg NCV coal November, 2020 loading. Acc ...
Thursday, 03 September 20
BRINGING SERVICES OF FTCCI CLOSER TO THE EXPORTERS AT GMR AIR CARGO COMPLEX AT SHAMSHABAD
Press Release: “FTCCI Trade Facilitation Services at your doorstep now” says J.S. Chandrashekar, IRS., Principal Commissioner of Custom ...
Thursday, 03 September 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 02 September 20
COAL PRODUCTION FALLS 7% IN APR-AUG; OFF TAKE DIPS 13.4% - FINANCIAL EXPRESS
In the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
C ...
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- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
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