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Wednesday, 12 October 22
MARKET INSIGHT - INTERMODAL
 Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such vessels changing hands during the first three quarters of 2022 are reported to be somewhere between 1050-1100 ships, totalling around 85 million dwt.
More specifically, approx. 525 Tankers and approx. 550 Bulkers sales have been recorded during that period. A strong increase of abt 40% is witnessed in the Wet tonnage transactions when comparing Q1-22 to Q3-22, while a reduction of close to 30% is noticed in the number of Bulkers sales when comparing Q3-22 to Q1-22.
That fluctuation in the number of deals per sector, reflects the shifting buying interest towards the Wet tonnage, which prevails the market in recent months, given the unfolding energy crisis, expected shortages in the European market & sanctions linked to the Russia-Ukraine situation coming in force, generating longer-average trade routes.
During the past six months the dry Bulk rates have notably declined, something which is slowly and steadily affecting the asset values as well. However, that seems to be coming close to its end, as the commodity of "Coal" in particular, is needed to boost the unfolding global energy shortages and limited supplies on other energy sources and we're already seeing a rebound in the Panamax up to Capesize vessels rates. That rebound is expected to further support smaller segments of the Dry Bulk sector as well.
Looking at the broader picture, current trends appear to be more of a long-lasting market driver, rather than a momentary spike that would deflate soon. Even if the ongoing war hopefully ends soon, energy shortages, the need for reconstruction and the fact that the market would have to re-utilize its traditional trading routes/flows, is something that would clearly take time.
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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Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher price ...
Saturday, 06 August 22
GERMANY'S ENERGY U-TURN: COAL INSTEAD OF GAS - DEUTSCHE WELLE
Berlin has realized it will never again import as much energy from Russia as before the Ukraine war. So the challenge is to wean Germany off its de ...
Saturday, 30 July 22
NUANCES OF FORCE MAJEURE CLAUSE - BALTIC EXCHANGE
Knowledge to Elevate
In NKD Maritime Limited v. Bart Maritime (No 2) Inc (Shagang Giant) [2022] EWHC 1615 (Comm), Bart Maritime (No 2) Inc (th ...
Saturday, 30 July 22
AEMO URGES QUICKER SHIFT TO RENEWABLES AMID COAL FAILURES AND SOARING FOSSIL FUEL COSTS
The Australian Energy Market Operator has called for an accelerated shift to wind and solar, backed up by batteries and other storage, as a devasta ...
Friday, 29 July 22
GLENCORE TO SUPPLY COAL TO NIPPON STEEL AT $375 PER TON - BLOOMBERG
Glencore Plc, agreed to supply coal to Nippon Steel at one of the highest prices ever paid by the Japan Bloomberg reported on July 27.
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- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
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