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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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Tuesday, 26 September 17
REDUCING THE RISK OF LIQUEFACTION - IUMI
KNOWLEDGE TO ELEVATE
Liquefaction is a phenomenon that can take place in granular materials, such as soil or fine ore, where the beh ...
Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the ...
Monday, 25 September 17
CHOICES FOR SHIPPING AS 2020 APPROACHES? - CLARKSONS
Historically, the fuel of choice for the vast majority of large cargo ships has been heavy fuel oil. But in 2020, sulphur oxide emissions will be c ...
Monday, 25 September 17
THE FREIGHT MARKET ROSE IN ALL SEGMENTS EXCEPT PANAMAX WEEK OVER WEEK
COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...
Monday, 25 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FOURTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million short ton ...
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Showing 1931 to 1935 news of total 6871 |
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- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Planning Commission, India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- The University of Queensland
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
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