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Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
 Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction in dry trade freight rates, there is still ample purchasing appetite displayed from interested parties, while vessel values – more or less – remain stable.
In the Capesize front, clients of Berge Bulk are linked to the purchase of BWTS fitted ‘Cape Fushen’ 178k/2008 (SWS, China) at $13.8m, a price slightly lower than last done. Greek buyers which are clients of Polembros are reported to have picked up another Post Panamax bulker, namely the ‘Double Paradise’ 95k/2011 (Imabari, Japan) for $15.5m and it is BWTS fitted. In the Panamax sector, the ‘Priscilla Venture’ 77k/2008 (Oshima, Japan) is reported to be sold at $11.35m to Greek buyers which are clients of Franco Compania Naviera. The price is slightly firmer than what the ‘Agri Marina’ 77k/2008 (Shin Kasado, Japan) obtained in end July dates at $10.8m, albeit with an inferior survey position.
Nisshin Shipping are continuing their disposal of assets and this week are reported to have committed on subjects their BWTS fitted TESS 58 ‘Western Seattle’ 58k/2014 (Tsuneishi Zhoushan, Japanese affiliated) for $14.5m. Nisshin have also recently sold sister vessel ‘Western Honolulu’ at $14.2m to Greek buyers.
Activity in the tanker sector was less robust with few reported sales. Middle Eastern buyers which are clients of Marshal Shipping are linked to the purchase of VLCC ‘ADS Stratus’ 299k/2002 (Hitachi, Japan) for $25.5m which is higher than the last done. Moreover, Avin are reported to have sold a couple of older Suezmax tankers namely ‘Kriti Spirit’ 160k/2000 & ‘Kriti Sfakia’ 160κ/2000 (Daewoo, S. Korea) to Russian buyers at around $14.4m each. The aforementioned price appears in line with the sale of Sonangol Kizomba 159k/2001 (Daewoo, S. Korea) which was sold for $16.5m to Middle Eastern buyers in August.
With regards to the dry sector, SnP activity is likely to remain robust in the near future if the assumption that rates will remain at relatively “healthy” levels is undertaken. A number of ships are currently being inspected with numerous buyers showing interest; therefore, this may be indicative of significant sales volumes materializing at least during the immediate weeks ahead. In the tanker realm, speculation of an increase in storage trade may prompt buyers to up their game soon. Increased interest from potential investors in older crude tankers is also being observed.
By Vasilis Moiris
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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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
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- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Sical Logistics Limited - India
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- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
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