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Wednesday, 24 January 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
 Since the beginning of the New Year we have been witnessing the BDI correcting downwards, which nonetheless seems to have no effect at all on SnP transactions. Indeed, we see that dry bulk second hand prices have been actually moving up, fact that has been rather confusing for some.
In contrast to the latest BDI performance, It seems that most shipowners believe that following the Chinese New Year, the market will quickly recover and once again start moving at encouraging levels, hence their bids for tonnage currently available in the market is usually including a small premium that incorporates this expected positive market reversal that will secure them tonnage in today’s market and save them from competing at higher levels later on when more Buyers will feel encouraged to offer.
Looking at the performance of the Dry Bulk market as of the end of 2017, we notice that the index started to climb from around 1,360 points in mid-November and quickly reached 1,740 points in mid-December. From that point onwards we saw a steady drop that has brought the BDI down to 1,125 points last Friday, representing a drop of around 35% compared to mid-December. As already mentioned above this undeniably sizeable drop has not been reflected on asset prices at all, with modern vessels actually having witnessed an upside. What is also impressive is the number of Dry Bulk SnP transactions on record during this period that has reached 86.
This number is clearly reflecting the impressive buying interest, that is expressed from a number of buying nationalities and is quite intense even for older ships built during 2000-2002 and particularly Handymaxes and Panamaxes. These vessels are predominantly popular with Chinese buyers that aim on a Chinese flag. We have recently seen 7 Chinese buyers inspecting a 2001 built Handymax, evidence of the said interest. This also means that for as long as the local trade in China keeps developing and remains short on vessels, we will most probably see interest in those vessels increased, being the perfect candidates to fit the Chinese flag requirements at the lowest cost because of their age.
Another recent sign of the strong market momentum as far as SnP activity is concerned is the fact that a number of modern vessels that were for sale, were bought on a waving inspection basis; a clear reflection of the firm competition that keeps building up out there. The following month will be particularly interesting as well, as the Chinese New Year that is due in about three weeks is a time during which the market is also traditionally slow. If the SnP market manages to remain stable during this time, this will most definitely be a positive sign for what is coming ahead and an indication of further upside in asset values before the summer season.
Very recently we have also started seeing a number of non-Japanese Handies and Ultramaxes fetching very firm offers, which is an additional indication of the strong buying appetite out there. Let us hope that all these optimistic signs will indeed turn into positive developments for the market following the end of the Chinese New Year and that the recovery for bulkers will continue as smoothly as possible going forward, hopefully avoiding the crazy ups and downs we witnessed during recent years.
By George Iliopoulos
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.
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Thursday, 01 February 18
RISING US OIL EXPORTS, MARKET DISRUPTION, BRENT-WTI SPREAD - WOOD MACKENZIE
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
...
Wednesday, 31 January 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
Days before the celebrations of the Lunar New Year, the dry bulk market seems to be holding well, against negative predictions. Period numbers repo ...
Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week ov ...
Monday, 29 January 18
U.S.WEEKLY COAL OUTPUT UP 8.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.6 million short tons ...
Tuesday, 23 January 18
OIL MARKET ANALYSIS - ALLIED
Brent oil futures hit a three year high on January 16th touching around USD 70.30 before falling back down to around USD 68.60 at the Time of this ...
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Showing 1821 to 1825 news of total 6871 |
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- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
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