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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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Tuesday, 08 March 22
THE HIGH COST OF INDONESIA’S DOWNSTREAM COAL PROJECTS IS UNDERESTIMATED - IEEFA
Three Indonesian ministries have come up with a DME purchase price of US$378/tonne fixed for 20 years compared to IEEFA’s US$601/tonne estima ...
Wednesday, 02 March 22
SHIPPING MARKET INSIGHT - INTERMODAL
The escalating confrontation between Russia and Ukraine has the potential to disrupt global order and set the world back a few decades. While count ...
Tuesday, 22 February 22
THE DRY BULK MARKET HAS MOVED ON A POSITIVE TRACK - ALLIED
The dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typical softening in freight conditions durin ...
Tuesday, 22 February 22
CHINA'S DAILY OUTPUT OF COAL REBOUNDS TO OVER 12 MLN TONNES - REUTERS
China’s coal output returned to more than 12 million tonnes per day as of Feb. 20, the country’s state planner said on Monday, a level ...
Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
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- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- The University of Queensland
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
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