We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 12 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
 This year’s tanker S&P activity keeps edging higher compared to the same period in 2018. Year to date we have seen some 143 ships, ranging from MRs to VLs, changing hands, an increase of around 21% compared to the same period last year.
After a strong start in the first quarter, the freight market went through a significant softening particularly in the case of the crude carriers while the smaller/clean sizes performed significantly better. Overall sentiment remains bullish for the rest of the year, both in terms of freights as well as asset values. On the chartering side we see owners having high ideas for long term period charters and on the S&P front we see most ships being sold at a premium over last done.
Firm interest can be observed in the MR tanker segment, with a lot of ships changing hands during the past couple of months. Recently, we had the sale of MT High Sun (Hyundai Vinashin 50k 2014) for $28.7m to Ditas from Turkey; a firm price compared to the March reported sale of the same age/quality Korean built MRs that Glencore sold to JP Morgan for $27.5m (MT Alpine Mary & Alpine Maria, SPP 50k 2014). On the 10-year old ships, after the sales of the MT Unique Explorer (Onomichi 50k 2010) that was sold to Palonji Shipping from India for $17.5m and the Japanese owned MT Fidelity II (Iwagi 47k 2011) that was sold for $18.25m to Maersk Tankers last month, we see a handful of buyers that are looking for similar units and willing to go the extra mile to put their hands on fresh tonnage.
Hence we expect the bullish buyers to remain active and asset values to move further north as a result. On the Japanese 15 year old pumproom ships with surveys due, we also had the sales of the MT High Power (Naikai 47k 2004) and the MT Uacc Strait (Shin Kurushima 46k 2004) for $8.6m and $8.75m respectively and expect to see more vessels being sold soon. Finally we note that Sinokor’s Korean deepwell ships, the MT Security and the MT Tenacity (Hyundai 47k 2004) were sold for $9.75m basis surveys passed.
Regarding Aframax and VLCCs, what depicts the bullish sentiment in today’s S&P market is the lack of 10 year old or younger quality tonnage available for sale with several buyers waiting to compete over the next candidate. We note the sale of the MT Maersk Jeddah and the MT Maersk Jamnagar (Sumitomo 105k 2011) committed at a firm price of $30.3m each, potentially to Greek buyers whose main interest is in the dry bulk shipping market. The auction of the MT Brightoil Lion (Tsuneishi 107k 2010) and the MT Brightoil Grace (Hyundai 320k 2013) that were recently under the hammer also drew a lot of attention. What is noticeable is that although auction sales usually attract interest due to the nature of the sale being distressed, several large tanker owners offered healthy prices, with the VLCC being sold for $61.5m, while 10 parties offered on the Aframax that is rumored sold at region $26m.
All in all, activity is high, sentiment remains bullish and many owners argue that the healthy SnP market we experienced in 2019 is just the beginning of the so called “IMO Story” that has started to play out and will come in full effect coming into Q4 2019.
By Ilias M. Lalaounis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.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.
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.
|
|
Wednesday, 12 June 19
IMO 2020 - COUNTDOWN TO 1 JANUARY 2020 -HOW WILL THE CHANGES AFFECT REFINING AND SHIPPING? - WOOD MACKENZIE
We know that the IMO’s regulations represent the biggest step change the shipping industry has ever seen and the implications will be felt th ...
Tuesday, 11 June 19
INDONESIAN COAL PRICE REFERENCE SET AT $81.48 PER TON IN JUNE, DOWN 15.66 PERCENT YEAR-ON-YEAR
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 10 June 19
CONSECUTIVE OWNERS OF CARGO: WHO HOLDS TITLE AND THE RIGHT TO SUE? - COLIN BIGGERS & PAISLEY
KNOWLEDGE TO ELEVATE
In Tritton Resources Pty Ltd v Ever Rock Navigation S.A. [2019] FCA 276, the Federal Court considered the application of ...
Monday, 10 June 19
KOSPO INVITES BIDS FOR 1,305,000 MT OF MIN 5600 KCAL/KG NCV COAL FOR SEPT 2019 TO DEC 2021
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 435,000 MT (per year) of max 5,600 kcal/kg N ...
Sunday, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breakin ...
|
|
|
Showing 1386 to 1390 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Parliament of New Zealand
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
|
| |
| |
|
