We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 29 March 17
MARKET INSIGHT - NASOS SOULAKIS
 Shipowners will always look for market signals in order to gauge market perception and decide upon which strategy to follow next. And while owners investing in the dry bulk market have been particularly busy lately, there is limited interest in the second-hand tanker market, activity in which is about 68% compared to the first quarter of 2016.
‘Sluggishness’ is therefore the defining characteristic used to describe the situation in the tanker SnP market, while in the freight market, rates maintain healthy, well above OPEX levels, but not high enough to inspire overwhelming positive expectations. This trend has resulted in decreasing asset prices and may well be the window of opportunity for owners wishing to invest in vessels priced at fairly reasonable levels.
Looking into the MR segment, the table below gives a breakdown of values for different asset classes since 2012.
The last done “MARE ACTION” (30,058dwt-blt 05, S. Korea), which was sold for a price close to $10.0m together with the small 15-yr old MR2, basis SS/DD due, which can be fixed close to $8.0m, are indicative of the particularly attractive prices currently prevailing in the sector.
Despite those rather attractive prices in the tanker market though, it is SnP activity in the dry bulk sector that has been monopolizing everyone’s interest lately. However, after consecutive weeks of increasing asset prices and with more than 200 dry bulk SnP deals - ranging from Handies to Capes – at the closing of Q1, there are a few voices now in the market insisting that this rally will gradually show signs of cracking and exhaustion.
The above estimation is based on a couple of things. On one hand potential buyers have gradually started to lose interest in paying todays’ increased levels, thinking this momentum might ease at some point and push prices – even slightly – down.
On the other hand, Sellers seem to be the one in control at the moment, able to set the premium over the last done and consequently asking for significantly higher prices even a few days after the last reported deal. The above market dynamics create a gap in the second hand market that is capable of restricting second hand activity until market perception becomes more accurate with both buyers and sellers re-adopting a more realistic attitude.
To summarize, while the dry bulk and tanker markets may be at different stages of their respective cycles, they both certainly display interest for different reasons nonetheless.
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.
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
|
|
|
Showing 2076 to 2080 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Planning Commission, India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Central Electricity Authority - India
|
| |
| |
|
