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Wednesday, 02 November 16
SHIPPING MARKET INSIGHT
 A week before the U.S. presidential election, everyone is eager to see the socio-political effects that the result of these elections will have. As far as the shipping industry is concerned, shipping indices historically display neutrality when similar political events occur, despite the uncertain nature of such events, which mainly affect stock markets. What could affect our industry in this case though, are possible changes in the US trade policy in case of extreme political choices which would be more evident starting next year, when the actual change of presidency will take place.
Moving on to the present and to the dry bulk SnP market, we are currently noticing increased activity. This activity does not only limit to simple interest or inspections on behalf of potential Buyers but also translates into actual deals, and even though the last quarter of the year is traditionally stronger in terms of activity anyway, this year round we are noticing even stronger momentum.
We are noticing that sales of dry bulk tonnage have nearly doubled in October compared to September, with Buyers mainly focusing on Supramax up to Panamax vessels, while activity in October is increased by 163% when compared to the same month in 2015. The title of the most hot size fairly belongs to modern Chinese Supramaxes and Ultramaxes, with 8 and 9 units respectively representing over 20% of all October 2016 dry bulk sales. Representative of the trend in prices for modern Supramaxes is the rumoured sale of the “CS AZALEA” (57kDWT, 2010, Zhejiang) which was sold for USD 7.0m to Turkish buyers, whereas the prices for Chinese resales fluctuated at around USD 18.0m, with the “DIVINE SEAS” (63kdwt 2016 Yangzhou Dayang) going to Greek buyers for a price between USD 18.3-18.6m.
Out of the 26 Panamaxes/Kamsarmaxes that were sold, 12 were built between 1999 and 2002, most of the them went to Chinese buyers. In regards to price levels in this instance, the “PAN UNO” (76kdwt, 2001, Japan) was sold for USD 4.6m and the one year younger “NEW COMMAND” (76KDWT, 2002, Japan) left for USD 5.0m, are currently dictating market levels. The rest of the deals in this size, concerned much younger vessels, like for example the “BAROCK” (82kdwt, 2007, Japan) which was sold at the end of October by Greek buyers for USD 11.3m.
As we wait to see what the duration of this strong momentum in dry bulk SnP activity will be, we also look out for all the upcoming socio-political developments as well as what could 2017 – the year of the rebound of the market for some – bring.
By Nasos Soulakis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
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.
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Monday, 12 December 16
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this past week and ending on a negative note week ...
Thursday, 08 December 16
STABLE OUTLOOK FOR GLOBAL MINING IN 2017 : FITCH
Fitch Ratings' sector and rating outlooks for the global mining industry in 2017 are both stable, reflecting Fitch's view that prices have ...
Thursday, 08 December 16
CHINESE COAL DEMAND WOULD BE THE KEY FACTOR THAT INFLUENCE WORLD COAL PRICES IN 2017, POLL
“WHAT ARE THE KEY FACTORS THAT MAY INFLUENCE WORLD'S COAL PRICES IN 2017?”
The on-line opinion poll conducted by COALspot.com ...
Thursday, 08 December 16
PANAMAX: THE FIRM TENDENCY CONTINUES IN BOTH HEMISPHERES - FEARNLEY
Supramax
Market remained firm - true mostly within Atlantic.
Star performer USG remained its title, where Supras reached around USD 21k ...
Wednesday, 07 December 16
SHIPPING MARKET INSIGHT - THEODOROS NTALAKOS
Looking back at my previous end-of-year insights, for the last seven years, in each and every one of them, I begin with something like “there ...
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- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- GMR Energy Limited - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Posco Energy - South Korea
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Australian Coal Association
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
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