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Wednesday, 04 October 17
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
 During the past couple of months the dry bulk market has displayed particularly strong momentum and we have been witnessing steady appetite and activity on behalf of Buyers in the second-hand market. This positive momentum is particularly evident if one considers the fact that the Chinese holidays that are currently taking place and usually bring pressure on rates have not affected buying activity to the least. Of particular importance is also the fact that interest for older candidates has also been firming, a usual occurrence when the market starts to become particularly strong.
It is remarkable that during the last quarter, we have seen more than 25 bulk carriers (from Handysize up to Panamax) built between 1997 and 2002, being sold. This very strong activity as far as older tonnage is concerned is something we hadn’t observed for quite a while, as firm buyers for vessels of around 15 to 20 years old are not standard occurrence.
Additionally, we have seen many firm buyers for vessels built between 2000 and 2002, which is explained by the fact that the China Classification Society only approves of vessels built from 2000 onwards. Modern vessel sales are also impressive in terms of numbers. During the last quarter around 124 vessels built from 2003 onwards we sold, this number also including Capesize vessels as well as resales. Specifically in Supramax and Panamax/Kamsarmax vessels, every last done is at a premium over the last comparable sale, which evidences the potential of Buyers who adjust their ideas very quickly in order to successfully position themselves within a market that is exciting one of the biggest crisis ever.
Greatly improved newbuilding activity compared to last year is another important sign as far as the solid momentum of the market is concerned. Although contracting is nowhere close to the volumes we witnessed back in 2013 and 2014, the fact that owners have slowly but steadily started to once again see potential in the newbuilding option is definitely reflecting the reversal in psychology.
Another interesting fact is that a number of Buyers, those interested in modern vessels in particular, are offering on a waving inspection basis and paying a small premium in order to secure the respective vessel, something that we hadn’t seen for quite a while, as most investors were rather hesitant before actually offering up until recently.
At the same time interest for Chinese tonnage is firming across all sizes, with prices also inching up in tandem with Japanese tonnage that has been quickly appreciating in particular for 10-yr old Supramaxes. Additionally, we have started to see a number of sales concerning vessels that were bought last year during the lows of the market, and are now being re-sold sometimes for double the price.
Chinese buyers themselves have also become particularly active in the past couple of months, which is another positive market sign. Despite the more relaxed mood they have been displaying during the past days in anticipation of the National holidays in the country, we expect them to return with the same interest in second-hand tonnage once the holidays are over. After all a number of purchase enquiries from Chinese buyers still remains uncovered, while the fact that very recently eight Chinese buyers inspected a ’98 built Panamax is indicative of their appetite.
By George Iliopoulos
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, 13 October 17
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 2017 TOTALED 51 MMST; UP 62% YOY, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million shor ...
Thursday, 12 October 17
THERMAL COAL PRICES IN EUROPE AND ASIA PUSHING HIGHER - DANIEL HYNES
Coal markets took the lead from the oil market, with thermal coal prices in Europe and Asia pushing higher says Daniel Hynes,Senior Commodity Strat ...
Wednesday, 11 October 17
2020 DEBATE AT IBIA'S LISW EVENT: COMPLIANCE & ENFORCEMENT – IT'S COMPLICATED : IBIA
There is no doubt about the start date for the 0.50% marine fuel sulphur limit in MARPOL Annex VI, but questions remain around how it will be enfor ...
Wednesday, 11 October 17
SHIPPING MARKET INSIGHT - TIMOS PPADIMITRIOU
With the majority of second-hand tonnage transactions taking place in the dry bulk sector it’s easy to lose sight of what is happening over a ...
Tuesday, 10 October 17
DELIVERY OF CARGO WITHOUT ORIGINAL BILLS OF LADING - UK P&I CLUB
KNOWLEDGE TO ELEVATE
- It is common in a lot of trades, whether bulk or oil, to accept a Letter of Indemnity (“LOI”) for non-produ ...
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Showing 1916 to 1920 news of total 6871 |
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- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
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