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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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Friday, 07 October 16
CEYLON SHIPPING CORPORATION HAS TAKEN DELIVERY OF COAL CARRIER MV.CEYLON PRINCESS
Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to pow ...
Friday, 07 October 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 540.5 MMST; DOWN 21.9% Y-O-Y, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 06 October 16
SHIPS IN PACIFIC ACHIEVE JUST ABOVE $10K DAILY FOR A BRAZIL ROUND VOYAGE - FEARNLEYS
Supramax
Slower week with limited activity due to holidays in the East. Mixed feelings within different markets, with slight downturn in Pacific ...
Wednesday, 05 October 16
OPEC TO SHUT OFF MORE THAN 6 PERCENT OF ITS PRODUCTION; MIXED FEELING AMONGST TRADERS - ALLIED
OPEC recent accord to shut off more than 6 percent of its production this past week has been met with mixed feeling amongst traders. As we mo ...
Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...
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- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- PTC India Limited - India
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