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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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Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and price ...
Wednesday, 28 October 20
BIODIESEL - NEW FUELS, NEW CHALLENGES - GARD | DNV GL
KNOWLEDGE TO ELEVATE
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions ...
Wednesday, 28 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.94 points Monday, up 0.35 percent week on week.
The index, released by China ...
Wednesday, 28 October 20
MARKET INSIGHT - INTERMODAL
The global strive towards eco-friendliness and environmental sustainability in the shipping industry is mounting. There are currently almost 200 co ...
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 ...
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- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- White Energy Company Limited
- Australian Coal Association
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
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