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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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Wednesday, 20 September 17
SHIPPING MARKET INSIGHT - INTERMODAL
An undoubtedly interesting market lately is the newbuilding market, in which we are witnessing numerous orders across all sectors and sizes. At the ...
Monday, 18 September 17
COAL PRICES WERE RELATIVELY UNCHANGED WEEK OVER WEEK - ANZ
COALspot.com: Coal prices were relatively unchanged, with most interest remaining in the thermal coal market said Daniel Hynes. However, falling st ...
Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
Prospects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, ste ...
Friday, 15 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE THIRD WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 14 September 17
THE FIRM COAL TRADE IS SUPPORTING SUPRAS; FIXING AROUND LOW $13000 WITH DELIVERY THAILAND - FEARNLEYS
Supramax
This week has brought Supras firm rates and numerous orders. Scrap orders from Cont to Med still pay $11000 and Fertilizer from Baltic t ...
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Showing 1936 to 1940 news of total 6871 |
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- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
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