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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.
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
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