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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, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
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- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Deloitte Consulting - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
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