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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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Tuesday, 16 October 18
A PRACTICAL OVERVIEW OF THE IMO 2020 SULPHUR CAP - CLYDE&CO
KNOWLEDGE TO ELEVATE
With less than eighteen months before Regulation 14.1.3 of Annex VI of the MARPOL Convention comes into effect, there are ...
Saturday, 13 October 18
SUPRAMAX: SIGNIFICANT ACTIVITY IN THE INDIAN OCEAN WAS EVIDENT AND RATES JUMPED - BALTIC BRIEFING
Capesize
A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. To start with drops were sudden, with t ...
Wednesday, 10 October 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
During the end of last month the BHSI was hovering around 630 points, while the last observed sale on a 10-yr old Japanese Handy was the M/V Van Im ...
Monday, 08 October 18
INDONESIAN THERMAL COAL PRICE REFERENCE FELL 3.74% IN OCTOBER 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 08 October 18
KOMIPO INVITES BIDS FOR 520,000 TONS OF COLOMBIAN ORIGIN OF 5,700 NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Colombian origin ...
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Showing 1591 to 1595 news of total 6871 |
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- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Planning Commission, India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- The University of Queensland
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- SMC Global Power, Philippines
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