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Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
 Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that occurred concurrently over the past weeks, where someone could expect the opposite.
More specifically, in the Dry Bulk market the BDI is witnessing levels higher than its previous high of the current year, being at 2,939 points as of today, with its previous high of this year being recorded back in mid-March at 2,727 points.
Despite having all these holidays in the past weeks, the total number of deals seems to be mainly affected in the Dry Bulk market even while the values remain at similar or even firmer levels.
In mid-February 2022, Capesize M/V MINERAL BELGIUM (174kdwt 2005 SWS//SS & DD: 06-2022) had achieved high US$ 15m while the 1 yr younger and BWTS fitted M/V Aquascope (174kdwt 2004 SWS//SS: 11-2026 & DD: 03-2025) achieved US$ 19,7m in early April 2022.
Post Panamax M/V Sicilian Express (93kdwt 2013 Cosco Dalian//SS & DD: 01-2023) was sold at the end of January 2022 for levels close to US$ 20m while the 1 yr older and BWTS fitted sister, M/V Hong Guang (93kdwt 2012 COSCO Dalian//Next DD: 04-2023) was sold at the end of April 2022 for US$ 23 million.
Tier II Kamsarmax M/V Sea Neptune (81kdwt 2013 Xiamen//SS & DD: 03-2023) had secured US$ 23m at the end of March 2022, while the same buyers took at the end of April 2022 the exact sister M/V Sea Hermes (81kwt 2013 Xiamen//SS & DD: 01-2023) at mid US$ 23 million.
Chinese built M/V SITC Lushan & exact sister M/V SITC Zhoushan (76kdwt 2013 Yangfan) both BWTS fitted & with next DD in end-2023 were sold at the end of April 2022 at US$ 22m each while in the early-April 2022 the younger M/V RIO GRITA (75kdwt Taizhou Kouan//Next DD: 02-2024)-BWTS fitted had achieved US$ 22,5m.
At the end of April 2022, Eco type Ultramax M/V Tomini Integrity (60kdwt 2016 Onomichi//Next DD: 12-2024)-BWTS fitted, got sold for US$ 33,5m basis a prompt delivery, while in mid-February 2022, the also Eco type M/V Ultra Excellence (61kdwt 2016 Tadotsu//Next DD: 09-2024)-BWTS fitted had more than 10 buyers chasing her and ended up being sold at mid US$ 31m basis delivery towards June 2022.
Supramax M/V Therese Selmer (56kdwt 2006 Mitsui//Next DD: 11-2024)-BWTS fitted has just obtained a price in the rgn of US$ 17m while the 1 yr younger sister vessel M/V Hai Long (56kdwt 2007 Mitsui//Next DD: 06-2023)- BWTS not fitted, was sold in beg-March 2022 for rgn US$ 16 million.
In the Handysize segment M/V Ionic Huntress (34kdwt 2012 Dae Sun) has reportedly been sold last week at US$ 19,5m basis SS/DD due and BWTS on order, while the exact sister vessel M/V Ionic Halo was sold at the end of March 2022 for slightly less than US$ 19m basis SS/D passed and BWTS fitted.
Moreover, M/V Seaster Empress (35kdwt 2011 nantong//SS: 11-2026 & DD: 01-2025)-BWTS fitted/Tier II, was sold in ear-April 2022 at US$ 16,5m while the also BWTS fitted/Tier II M/V Jin Da (35kdwt 2011 Nanjing Dongze//SS: 09-2026 & DD: 09-2024) is now rumoured sold at levels in the low-mid US$ 17m.
One could expect an increase in SnP Activity with the holidays ending and with various markets opening again.
By Mohamed Rabie
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.
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
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