We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 16 May 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
 Half-way through the second quarter of the year and as the Posidonia week approaches everyone is getting ready for this unique gathering that besides the exhibition includes a number of conferences, receptions and events that will once again be attended by a truly international crowd. While the preparation fever is expected to hold, market developments keep taking place on the dry bulk side, with activity so far in the year shaping expectations for what could be probably coming ahead as well. Since the beginning of 2018 we count around 230 second-hand sales on the dry bulk sector, which is a healthy number indeed, while newbuilding contracting has also seen steady numbers.
Out of those 230 bulkers that changed hands during the past months, 100 where built in China. Most of the buying interest focused on Handysize up to Ultramax tonnage, with this dwt range counting 160 sales. Indeed buyers where showing much more interest in inspecting such vessels compared to Panamaxes and Capes.
A 2007 built Handysize vessel for example had lured the interest of 6 different buyers, while during the same period a ten year old Panamax had only seen interest by three parties. This also explains why Handysize asset values have been moving upwards during the past two-three months. We recently saw a 38kdwt non-Japanese bulk carrier built in 2011 being sold for USD 11.3 million and a 33kdwt Japanese unit built in the same year fetching more that USD 15 million. Both these prices are indicative of the increasing popularity Handysize vessels above 33kdwt are currently enjoying.
Interest has also been witnessed for Supramax/Ultramax candidates. Chinese built Supras in particular have witnessed a lot of activity, with prices inching up as a result compared to the beginning of the year. Japanese tonnage of this deadweight range has also been popular. The Supramax second-hand market has been somewhat split in two different categories, both enjoying firm momentum. On one hand small Supras (50-52kdwt) built in the early 2000’s that were sold to Chinese owners just in time for CCS import and on the other hand bigger vessels (55dwt+) built during the years 2006-2012 that have been particularly popular as well. A representative example of the later is the sale of the M/V DARYA VISHNU (56kdwt, blt’ 06 Japan that was sold for a price in excess of USD 13 million. About a year ago a sister ship of the M/V DARYA VISHNU had fetched circa USD 10 million, while the same vessel was sold at the end of 2017 slightly above USD 11.5 million.
Depending on the condition of the vessel and its respective surveys position, the appreciation in Japanese Supramax vessels since the beginning of the year is calculated at around 20%. It will also be very interesting to see how asset prices for Japanese Supras built 2009 onwards will shape given the fact that there are very few candidates fitting the above description. We recently saw the M/V EM SAPPHIRE (54kdwt, blt ’09 Japan), one of the very few candidates within this age range, being sold close to USD 15 million.
Prices appear to be on the rise again and the performance of the freight market during the summer season will definitely help shape expectations for the last quarter of the year.
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.
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 August 18
U.S. COAL PRODUCTION TO DECLINE BY 1.8% IN 2019 BECAUSE COAL EXPORTS AND COAL CONSUMPTION ARE BOTH FORECAST TO DECREASE - EIA
EIA forecasts U.S. coal production will decline by 1.1% to 766 million short tons (MMst) in 2018 despite a 5.7% (6 MMst) increase in coal exports.
...
Thursday, 09 August 18
RIO TINTO COMPLETES SALE OF REMAINING COAL ASSETS
Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion.
According to a noted post ...
Wednesday, 08 August 18
CHINA DEMANDS PREMIUM IRON ORE, COAL; MINERS MIXED IMPACT - FITCH RATINGS
China’s stricter environmental regulations and structural changes in its steelmaking industry boosts ongoing demand for high-quality iron ore ...
Wednesday, 08 August 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
Singapore's shipyard business has evolved over the decades, from shipbuilding and repairs to rig building. It's now evolving again, to cate ...
Friday, 03 August 18
PHEW! ASIA, EUROPE HEATWAVE PUSHES AUSTRALIA COAL PRICES TO 6-YEAR HIGH: REUTERS
Australian thermal coal prices have hit fresh six-year highs as a heatwave across the northern hemisphere has triggered a spike in demand for coal- ...
|
|
|
Showing 1651 to 1655 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- VISA Power Limited - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
|
| |
| |
|
