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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, 18 September 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, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
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- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
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