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Wednesday, 29 July 20
MARKET INSIGHT - INTERMODAL
 The dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter of 2020. The table below illustrates that approximately 66% of SnP transactions have ensued in the past two and a half months; 31%, 40% and 28% of which occurred in July (to date), June and May respectively. Contrarily, SnP transactions were at their lowest levels in March and April with respective deal volume apportionments of 7.5% and 4.6% which can be attributed to the adverse effects of the COVID-19 epidemic on the shipping industry. Bank driven/auction sales were at reasonable levels - they slightly exceeded 5%.
Handysize and Supramax vessels were the best sellers as they totalled 64% of reported sales while Kamsarmax and Post-Panamax vessels were the least popular among bulk carriers. Additionally, 31% and 18% of all confirmed buyers were Greek and Chinese, respectively. Vietnamese, various Middle Eastern and Indonesian buyers followed and equally constituted a total of 23% of the overall deal landscape.
Greek buyers were involved in acquisitions across all vessel sizes and ages. They displayed an aggressive appetite for modern Handysize and Supramax vessels and a more moderate desire for similar vintage tonnage. Greek buyers were also responsible for 38%, 63% and 23% of Capesize, Kamsarmax and Ultramax purchases respectively. As per usual, the majority of 15 and 20-year-old Supramax, Panamax and Capesize vessels were acquired by Chinese buyers. Vietnamese and Greek buyers competed for 10-year-old Handysize vessels as they acquired an equally shared 38% of the total tonnage. Various Middle Eastern buyers were behind the purchasing of the largest number of currently known and reported Ultramax vessels (31%) as well as some less modern Supramax vessels (12%). Indonesians increased their overall Supramax and Panamax fleet stocks by 14% and 19% respectively by adding 7 Supramax and 3 Panamax vessels to their tonnages.
The dry bulk sector is currently at its highest point since the start of the year due to consistent increases in recorded SnP transactions. However, the recent resurfacing of certain port closures in light of the escalated spread of COVID-19 are projected to strain SnP activity as crew changes in usual delivery ports are gradually becoming ineffective. The potential ramifications of the aforementioned phenomenon on the future outlook of dry bulk SnP remain to be seen.
By George Kallianiotis
Valuation Department
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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Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
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