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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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Monday, 21 December 20
COAL'S PARTIAL RECOVERY IS SET TO FADE AFTER 2021 - IEA
Global coal consumption is estimated to have fallen by 7%, or over 500 million tonnes, between 2018 in 2020. A decline of this size over a two-year ...
Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
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- Therma Luzon, Inc, Philippines
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- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
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- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
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- Indian Oil Corporation Limited
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- Tata Chemicals Ltd - India
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- Merrill Lynch Commodities Europe
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- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Australian Coal Association
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
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- Central Electricity Authority - India
- The University of Queensland
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- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
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- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
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- Ministry of Finance - Indonesia
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- Tamil Nadu electricity Board
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- Electricity Authority, New Zealand
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- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
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- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
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- McConnell Dowell - Australia
- GMR Energy Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
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- Thai Mozambique Logistica
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- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
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- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
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