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Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
 Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sector more or less tracking the market trend. However, since April, this trend appears to be revoked; despite a lackluster tanker freight market, tanker SnP transactions gained pace tracking the bulkers volumes. It is interesting to note, that older tankers units attracted the majority of SnP interest, contrary to bulkers, where the majority of transactions took place for 10Y old units and younger. Record high steel prices are supporting asset values across the board, despite the tanker market underperforming, with owners positioning for a market recovery, while older units are still relatively undervalued.
More specifically, analyzing the S&P activity of both sectors since the beginning of this year we would observe that in January, 63 Dry Bulk deals were recorded. Among these close to 40% (25 units) correspond to Supramax vessels while around 20% (13 units) to Panamax/Kamsarmaxes. Handysize and Capesize vessels hold an equal proportion of around 15% (9 units) each whilst 5 Ultramax and 2 Handymax vessels changed hands. With regard to the age distribution, 11% were around 5Y old, 60% 10Y old and 29% around 15Y and older. With reference to Tanker vessels, 29 units were sold; 12 VLCC, 7 MR, 4 Aframax, 3 Handysize and 3 Suezmax vessels. Close to 35% were aged around 5 yrs old and younger, 7% around 10Y old and close to 58% 15Y old and older.
During February 2021, 64 deals in the Dry Bulk sector were reported. More than one-third of them (24 vessels) corresponded to Supramax vessels, Panamax/Kamsarmax vessels hold nearly 25% (15 units) of the entire activity while Handysize units contributed around 20% (13 units). In addition, 4 Capesize, 3 Post-Panamax, 3 Ultramax and 2 Handymax vessels were sold. Around 75% of the vessels committed were aged around 10Y old. As far as the Wet Sector, 25 vessels changed hands; 8 Suezmax, 7 Aframax, 4 VLCC, 4 MR and 1 Handy Tanker. The 80% of them were aged around 15Y old and older.
In March 2021, 86 Dry Bulk vessels were committed. Panamax/Kamsarmax vessels hold a 30% (26 units) of the entire SnP realm followed by Supramax vessels which hold a proportion of 25% (22 units). Handysize totalled 18 (21%) while Capesize vessels contributed 15% (13 units) of the total SnP activity. Finally, 4 Ultramax and 3 Post-Panamax vessels changed hands. Regarding the age of the above mentioned vessels, 18% were around 5 yrs old and younger, 57% around 10 yrs old whilst the rest 25% around 15 yrs and older. Tanker sales amounted at 37; 15 Aframax, 13 MR, 5 VLCC and 4 Handy Tanker vessels. The 13,5% of the Tanker vessels were aged around 5 yrs old and younger while 40,5% around 10 yrs old and 46% around 15 yrs old and older.
In April 2021, 62 Dry Bulk deals were concluded. Panamax/Kamsarmaxes and Handysize sustained a 30% and around 20% of the entire realm while Supramaxes fell to a proportion of around 18%. Capesize amounted at 11 units (18%) while 8 Ultramax and 1 Post-Panamax changed hands. As far as the age distribution, slightly more than 30% were 5Y old and younger, more that 50% around 10Y old and 15% around 15Y and older. In the Wet market, 58 deals were recorded; 23 Aframax, 14 VLCC, 11 MR, 4 LR1 and 4 Suezmax units. Around 21% of them were aged 5Y old and younger, slightly more that 12% around 10Y old and close to 67% 15Y old and older.
by Nassos Soulakis
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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Thursday, 27 May 21
KOMIPO INVITED BIDS FOR 1.56 MILLION TONS OF BITUMINOUS COAL
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Thursday, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
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- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
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