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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, 24 October 16
DRY BULK:MARKET ENDS WEEK WITH MIXED REACTIONS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ending with mixed direction as Cape and BDI was declined ...
Thursday, 20 October 16
THE PORT OF NEWCASTLE SHIPPED 16.97 PERCENT MORE COAL IN SEPTEMBER
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,216.7 m ...
Thursday, 20 October 16
A SUPRAMAX HAVE BEEN FIXED AT $12,500 FOR A INDIA TO BANGLADESH TRIP - FEARNLEYS
Supramax
A bit more activities with modest upturn in rates.
According to Fearnleys weekly report, US Gulf trip to Skaw-Passero has seen cons ...
Wednesday, 19 October 16
THE SHIPPING MARKET IS IN A WAIT AND SEE MODE - INTERMODAL
We are now heading towards the end of a rather volatile 2016 for the dry bulk segment. During the last 10 months there were never any clear indicat ...
Tuesday, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
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- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
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