We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
 Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to their historical lows throughput the year, however asset values have disconnected from the market trend responding to higher steel prices and a countercyclical investment behavior, stemming from oil demand recovery expectations. As a matter of fact, across all tanker segments, values of wet tonnage enjoyed a significant uptrend since the beginning of the year with notable SnP interest in older units for the most part of the year.
In the larger sizes, a representative sale of this trend could be the FOS (307KDWT 2002 Hyundai) which achieved a price of $28m, significantly higher than when compared to the August sale of M/T KOS (306kdwt 2001 Daewoo) which fetched a price in the region of $26 million or even the sale of Maran Cygnus (306kdwt 2001 Daewoo) which fetched $23,7 million in Q1-2021. Moreover, the Olympic Legend (309kdwt 2003 Samsung) was sold for region $31 million in July, while in January the Pantariste (309kdwt 2002 Samsung) was sold for xs $23 million.
Another sale following this trend in the larger sizes would be Jag Lata (105kdwt 2003 Hyundai) which was sold in the region of $ 13,5 million during this quarter, compared to the same aged Aegean Freedom (106kdwt 2003 Hyundai) sold in February 2021 at a price in the high 10s.
At the same time, as far as modern sale candidates are concerned, the trend continues in the sales of LR2 vessels, Cabo Misaki (74kdwt 2017 Sungdong) which achieved around $32 million within August, while the Nord Lavender (74kdwt 2017 Sungdong) got sold for xs $31 million in May.
Looking at the smaller sizes, latest sales in the last couple of weeks show the BWTS fitted Justice Express (46kdwt 2011 Shin Kurushima) managing to fetch $ 17 million, around 6% more than the last same-aged Mearsk Miyajima (48kdwt 2011 Iwagi) also fitted with BWTS which got sold in May for around $16m. In addition to that, New Breeze (48kdwt 2010 Iwagi) changed hands in July for $15,5 million, while sister vessel Bright Fortune achieved high $ 13 million back in February, both vessels fitted with BWTS and with similar dates for SS/DD.
This is without a doubt a positive sign and one could be reservedly optimistic that asset prices are going to continue to rise. The way the SnP tanker trend develops, and factoring in the rise in bunker prices, it seems that we could be in for a further upward repricing point with the focus potentially shifting on younger units
By Nassos Soulakis,
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.
|
|
Friday, 21 January 22
CHINA'S POWER TRADING TARIFFS TO RISE IN 2022 - FITCH RATINGS
Rising trading volume and higher-than-benchmark tariffs in the 2022 bilateral contracts signed between Chinese power generation companies (gencos) ...
Thursday, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
|
|
|
Showing 371 to 375 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
|
| |
| |
|
