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Wednesday, 01 September 21
MARKET INSIGHT - INTERMODAL
 As the summer season is coming to an end, the dry bulk market continues to rally. The confidence that the outstanding freight market performance has brought, has also affected owners’ appetite for secondhand units. Since the beginning of the year, circa 600 bulkers have changed hands, with most of the tonnage being geared (around 63%). During the summer period, buying interest shifted to smaller sizes, putting the spotlight on the Handysize tonnage. To be more precise, from January 2021 till April 2021, Supramax vessels were top sellers while that changed in May and till now, with Handysize vessels being in the 1st place.
Around a quarter of the transactions were Handysize vessels with an average age around 10 yrs old. It is noteworthy to mention that more than half are built in Japan while around 40% are built in China and the rest are built in Korean and other yards.
Supramaxes hold another quarter of the transactions concluded so far, with an average age slightly older than 10 yrs. As mentioned above, in the period from January-April 2021, these vessels had the lion’s share of the secondhand transactions. Similar to the Handysize tonnage, slightly more than half of the supramaxes that changed hands are built in Japan or Japanese affiliated yards. Chinese built vessels account for around 30%, while around 15% are built in Korea or affiliated yards, and the rest are built in other countries.
Representing just under 12% of the SnP realm since the beginning of the year, Ultramax vessels hold the 3rd place. In contrast to the rest of the geared sizes, around two/thirds of the vessels are built in China, while the others are built in Japanese or affiliated yards.
Marginally lower than the Ultramax sales, the Panamax vessels hold slightly above 11% of the transactions, with around 75% of them being built in Japan, 20% in China and the rest in Korea, aging around 15 yrs old on average.
Kamsarmax vessel sales represent a rate of just under 10% of the sales that took place since January 2021. A bit above 45% are built in Japanese or affiliated yards, a bit below 45% in Chinese with the rest of the units are built in Korea and with average age slightly less than 10 yrs old.
Post-Panamaxes and Baby-Capes hold around 6% of the materialized transactions, with the vast majority of them are built in Chinese yards (around 77%) and the rest in Japanese yards. The average age for such tonnage is also around 10 yrs.
In the Capesize/Newcastlemax segments, like in the Kamsarmax segment, sales account for a bit lower than 10%, of which nearly half are built in Japanese/affiliated yards, around 40% in Chinese yards, and the rest, mostly in Korean-affiliated yards. Similar to other segments, age is around 10 yrs for these types of units.
Let's see how the SnP market will perform in the remaining months of this year.
By Mohamed Rabie,
Research Analyst
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
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