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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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Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
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- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
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