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Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
 Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the market. Whatever the case may be, it seems that at least for now soft sentiments belongs to the past, with both the spot and period market steadily firming. Given the improvement in sentiment, it is normal that appetite in the SnP would also increase, while besides interest from specific ship-owners that were looking to invest for a while now, there is also interest from new Buyers who are encouraged by the performance of the freight market.
Focusing on the past couple of weeks, there are rumours that a K-Line Aframax, namely the ‘SINGAPORE RIVER’ (115,126dwt-blt ‘09, Japan) with SS/DD due in March 2019, was committed at $23.5 million, whereas, in June during Posidonia, Bergshav purchased a sister vessel from the same sellers, namely the ‘SENTOSA RIVER’ (115,146dwt-blt ‘08, Japan), for a price in the region of $19.0 million, which translates to an impressive increase of around 17% in less than six months (including yearly depreciation for the age difference).
Another noticeable sale is that of the ‘TOLEDO SPIRIT’ (159,342dwt-blt ‘05, S. Korea), where almost ten Greek Buyers inspected the vessel and competed aggressively, with the vessel eventually changing hands for $19.0 million.
On the MR side the improvement is also evident. In the beginning of October the Doun Kisen vessel, namely the ‘HIGH ENTERPRISE’ (45,967dwt-blt ‘09, Japan), was sold to Greek owners, Spring Marine, for a price in the region of $13.95 million. A month after this deal, the same owner sold the ‘SILVER EXPRESS’ (47,401dwt-blt ‘09, Japan), for a price in the region of $15.3 million, while during the past week the ‘HIGH PEARL’ (48,023dwt-blt ‘09, Japan), was reported sold for a price of $16.0 million.
We expect SnP interest in the sector to remain firm at least for as long as earnings remain around the healthy levels of late and given that there will be no wild volatility in the freight market during this winter we should also see additional premiums on future deals, especially in high quality tonnage of up to ten years of age.
By Giannis Andritsopoulos
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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Thursday, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize
The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.
...
Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.
The ...
Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...
Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...
Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do ...
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Showing 1586 to 1590 news of total 6871 |
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- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
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