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.
|
|
Friday, 10 March 17
THE 5TH PHILIPPINES POWER AND ELECTRICITY WEEK RETURNS WITH A UNIQUE FOCUS IN 2017
5th Annual Philippines Power & Electricity
18-21 July 2017
Solaire Resort & Casino,Manila, Philippines
http://www.philippinespowe ...
Thursday, 09 March 17
INDONESIAN COAL BENCHMARK PRICE DROPPED FOR A THIRD STRAIGHT MONTH IN MARCH, GOVERNMENT DATA SHOWED
COALspot.com: Indonesian government declared coal benchmark price dropped for a fourth straight month in March, government data showed. The ...
Wednesday, 08 March 17
THE FREIGHT MARKET TODAY PROVIDES MUCH MORE CONFIDENCE COMPARED TO LAST YEAR - TIMOS PAPADIMITRIOU
So what's all the fuss about? During the past five months SnP activity has being surging exponentially in the dry bulk sector. Buyers are looki ...
Monday, 06 March 17
THE FREIGHT MARKET WAS CONTINUING TO FIRM UP THIS PAST WEEK
COALspot.com: The Freight market was continuing to firm up this past week.
The Baltic Exchange, tracking rates for ships carrying dry bulk com ...
Friday, 03 March 17
U.S. WEEKLY COAL PRODUCTION ESTIMATED AT 15.7 MMST; DECLINE 6.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
|
|
|
Showing 2106 to 2110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Independent Power Producers Association of India
|
| |
| |
|
