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Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
 Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, accounting for 60% and 40% of the dry bulk (>20kdwt) and tanker (>10kdwt) sales including the sale & leaseback deals as well as whole fleet takeovers.
Aside those nationalities though, there are also others that do pose particular interest when someone tries mapping the SnP market as a whole despite the fact that they so far account for a much smaller number of transactions.
Starting with Indonesia, interest from local Buyers is expressed in both sectors, with 15 bulkers and 13 tankers ending up in Indonesian hands so far in 2018. On the dry bulk side Indonesian owners have been focusing on Handymax and Supramax candidates up to 56kdwt, while age-wise the range starts from ships built in early 2010 up to 20-year old ships, with the majority built in the early-mid 2000s. On the tanker side, there is interest for all sizes from small Chinese built chemical tankers and j19st-st tankers up to VLCC. Handy and MR candidates built in the early-mid 2000s gather most of the interest. The SnP presence of Waruna is worth mentioning here, given the fact that the specific Indonesian owner is responsible for the big range of deadweight found in tankers ending up in Indonesian hands, having acquired more than half of all such vessels so far.
Vietnamese buyers show almost equal interest in tankers and bulkers, while the focus is on Japanese j19st-st tankers and on the dry bulk side almost exclusively on Handysize units built during the late ‘90s and up to 2005.
Almost equal activity between the two sectors has been also displayed by UAE based owners, with purchases focusing on Handy-MR units built in the late 90's up to early 2000s on one side, while on the dry bulk side focus is on older Handysize and Panamax vessels.
Turkish and Indian buyers on the other hand show a clear preference in one of the two sectors instead of both. The first have been focusing on late 90's early 2000’s built Handysize bulkers, while Indian owners show a clear preference to early 2000’s MRs, with owner Seven Islands responsible for almost half the deals concluded so far.
With the exception of UAE, all of the above markets have bee also witnessing a correction of their respective local currencies against the US dollar. The drop might be only marginal in the case of Vietnam but the rest of the economies are looking at substantial discounts. Indeed, the Turkish lira has lost almost half of its value compared to a year ago, while the Indian and Indonesian currencies have witnessed a discount of around 10% within the same period.
Therefore, despite the softer buying power most of these nations seem to be witnessing, they still seem to be committed in shipping investments. Their share might be much smaller compared to those nations in top places, but given their sizeable presence in specific sub-segments in both the dry bulk and tanker sector their importance/influence within these markets is already considered important, while stability in local currencies could increase their impact substantially.
By Nassos Soulakis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
George Panagopoulos
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, 24 October 18
CHINESE POWER PLANT STOCKPILES AT HIGHEST LEVEL SINCE 2015 - JEFFREY LANDSBERG
Chinese power plant coal stockpiles have climbed to approximately 83.3 million tons as of the middle of this month, said Jeffrey Landsberg in his e ...
Tuesday, 23 October 18
WILL THE U.S. COAL DECLINE CONTINUE? - FORBES
What’s Trump’s new coal proposal?
Adding to its controversial plan to leverage federal authority to keep retiring baselo ...
Monday, 22 October 18
CONTINUED HIGH LNG PRICES; TRADE WAR IMPACT LIMITED - FITCH RATINGS
Fitch Ratings expects sustained high spot liquefied natural gas (LNG) and contract prices over the next two quarters on limited investment in LNG e ...
Monday, 22 October 18
WINTER OIL MARKET OUTLOOK - OPEC
The oil market in the winter season is generally characterized by demand for diesel, particularly in the northern hemisphere, leaving product marke ...
Saturday, 20 October 18
PANAMAX: THE PACIFIC SAW A LARGE VOLUME OF FIXING, WITH INDONESIA AGAIN THE DRIVING FORCE - THE BALTIC BRIEFING
Capesize
A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slippi ...
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- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
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