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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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Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past
PLN would be better served restructuring its business to address the current en ...
Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
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- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
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