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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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Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
Wednesday, 16 December 20
INDONESIAN COAL RECOVERING - FITCH
Commenting on Indonesian coal, Fitch Ratings, the Indonesian 4,200 kcal index has begun to recover, improving to over USD 29 in November compared t ...
Tuesday, 15 December 20
NEWCASTLE PRICES RECOVER - FITCH
Prices for the benchmark Newcastle 6,000 kcal/kg grade coal have rebounded to over USD 70/tonne since late November as major Asian economies ease l ...
Tuesday, 15 December 20
APAC COAL PRICES REBOUND ON IMPROVED DEMAND AND SUPPLY CUTS - FITCH RATINGS
Prices for the benchmark Newcastle 6,000kcal/kg grade coal have rebounded to over USD70/tonne since late November as major Asian economies ease loc ...
Tuesday, 15 December 20
CHINA EXTENDS FULL OPEN GESTURE TO IMPORTED COAL EXCEPT FOR AUSTRALIA - GLOBAL TIMES
Domestic, overseas suppliers will take up share with easier clearance
China's top economic planner on Saturday gave approval to ...
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- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
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