We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 08 September 21
MARKET INSIGHT - INTERMODAL
 Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,000 points mark on the 20th of August, a trend which followed an upward trajectory until the 27th of August when it reached 4,235 points. We are reminding you that the last time the dry bulk index exceeded the 4,000 points mark was back in May 2010 when the BDI reached 4209 points.
Such an increase in the dry bulk freight market could not but affect the secondhand prices of bulker units which saw their values improve sharply within a short period of time, a trend which seems that has not yet stabilized; we see last done level of asset values being higher from their previous one.
As a result of the sharp freight market improvement and the significant surge in buying interest, secondhand values have doubled since the beginning of the year. For instance, in early 2021, the price of a 15 year old Japanese Supramax vessel was estimated at around $7.7-8.0 million with the current price indication at above $15.0 million. In line with the Supramax sector, 15 year old Japanese Panamax units were sold at around $10.0-11.0 million back in January 2021 with the current price being negotiated at around $19.0 million.
However, Handysize asset appreciation during 2021 has been the most remarkable one. In recent years, the Handysize values and especially asset prices of the 28kdwt size were under significant pressure while even when the secondhand market enjoyed periods of recovery, price improvement of the Handysize vessels was lagging behind compared to their bigger counterparts. Yet, during 2021, the Handysize secondhand market has been extremely active with an outstanding price rise compared to the previous year values. For example, the price of a 15 year old Japanese 28kdwt Handysize unit during 2020 was estimated at around low $5.0 million while the current price of the same unit is estimated at a price of above $11.0 million.
This upward momentum has also positive affected the prices of the older ships; while interest for such vessels was almost muted, in 2021 we have seen several owners’ negotiating on units built from 1998 up to 2001 which has apparently pushed the price of the respective vessels upward as well. Of course, the price increase of these older units has been also impacted by the scrap prices which reached historical high levels during this year.
The six million dollar question is always how long this trend will last and at what point of the shipping business cycle we are at the moment of writing.
By George Iliopoulos
SnP Broker
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
|
|
|
Showing 771 to 775 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Sical Logistics Limited - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
|
| |
| |
|
