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Wednesday, 02 December 20
MARKET INSIGHT - INTERMODAL
 It has been another busy week in the dry bulk secondhand market; a healthy number of sales reported predominantly from Japanese owners while owner's buying interest remains at firm levels and on some occasions we feel that asset values are softening as we are approaching the end of the year in this challenging environment.
Starting with the Panamax segment, it was reported that Japanese owners have sold the M/V Shoyo (77,008dwt/2008 Namura, Japan built) at a price around USD 11,5 million basis special survey passed and BWTS fitted to Greek buyers. Comparably, in August the M/V Priscilla Venture (77,283dwt/2008 Oshima built) was reportedly sold at USD 11,35mill to Greek buyers as well.
As far as the Ultramax sector in concerned, Scorpio Bulkers are continuing their disposal of bulkers and they have announced the sale of four Ultramaxes; The M/V SBI Antares, M/V SBI Bravo, M/V SBI Hydra and M/V SBI Maya (61,000Ddwt/2015 NACKS, China built) have sold for USD 67.0m enbloc to clients of Hong Kong based owner, Pacific Basin. In addition, after the initial sale did not materialize, we are hearing now that the TESS 58 M/V Sea Melody (58,000dwt/2010 Tsuneishi Cebu, Japan built) which has BWTS fitted, has been committed to Greek buyers for a price at the range of USD 11.0 million.
On the tanker side, despite the fact that freight rates remain at very low levels, there is still some activity and older ships are still finding a new home. Modern ships are rare and as such they attract a lot of interest due to the fact that values are at low levels since the market drop.
It is being reported that Greek buyers clients of Pantheon Tankers have bought the M/T Jing Gang San (318,000dwt/2013 Shanghai Jiangnan, China built) for USD 45.2 million.
In the Clean carrier market, Japanese owners NYK have sold their second LR2 unit in recent weeks; the sale of the M/T Champion Prince (105.000dwt/2012 HHI, South Korea built) has materialized for a price at USD 24,5 million to Greek buyers. Last month, NYK have sold the sister vessel M/T Champion Princess reportedly for USD 25,5 million to Indian buyers which comes as evidence of the downward trend that the freight rates in the Tanker market have been following.
It appears that whilst buyers' appetite remains firm we should be able to report more transactions in the coming weeks as a number of ships will be inviting offers.
By Vasilis Moiris
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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Tuesday, 29 December 20
CORROSION-RESISTANT STEELS FOR CARGO OIL TANKS - DNV GL
KNOWLEDGE TO ELEVATE
Crude oil is a complex mixture of substances at varying ratios and in most cases contains at least some salt water. ...
Tuesday, 29 December 20
CHINA COKING COAL FUTURES RISE FOR THIRD DAY ON SUPPLY WORRIES - REUTERS
Chinese coking coal futures extended gains into a third session on Monday, jumping as much as 6.2% as lower imports, sliding inventories and mines ...
Wednesday, 23 December 20
COKING COAL'S DECLINE LIKELY TO FOLLOW THE PATH OF THERMAL COAL’S PROGRESSIVE DEMISE - IEEFA
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment annou ...
Wednesday, 23 December 20
MARKET INSIGHT - INTERMODAL
As we all know, China forges more steel than the rest of the world combined, and even during this unprecedented pandemic, the nation is set to brea ...
Tuesday, 22 December 20
2021 DRY BULK OUTLOOK - SUPPLY GROWTH - TORVALD KLAVENESS
In the first article in the series we mentioned that dry bulk freight was in a super cycle between 2001 and 2008. The growth in global yard capacit ...
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Showing 686 to 690 news of total 6871 |
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- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
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