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Wednesday, 26 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
 As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segments that proved to be the most popular as well as on which Buyers were the most active.
On the dry bulk side and more specifically in the deadweight range from Handysize up to Cape, we have on record more than 230 sales since the beginning of the year, with Greek and Chinese buyers dominating activity. Chinese buyers have been focusing more on vessels built during 2000-2005, although there has been some considerable interest for modern vessels as well, while Greek buyers were mainly looking at modern tonnage from five up to twelve years.
During the past three months we have seen more than 50 vessels – mainly Handymax, Supramax and Panamax- built during 1997-2005 ending up in Chinese hands. Candidates built between 2000 and 2004 witnessed the most substantial pressure on prices. The reason why values for 15-year old and 20-year old vessels were the ones facing the biggest discounts was due to the fact that there was an oversupply of such vessels in the market, with most owners deciding to sell at best ahead of the respective Special Survey and Dry Docking.
As far as younger vessels are concerned, we saw a number of candidates being withdrawn from the market due to the substantial gap between Sellers’ and Buyers’ ideas. Indeed, we saw a number of Japanese owners that are traditionally considered firm Sellers, who instead of selling at a discount to the last done, they have maintained their price ideas waiting for a market recovery that would eventually result in higher bids from Buyers that are currently reluctant to pay the premium.
On the tanker side, we have seen a substantially smaller number of vessels changing hands since the beginning of the year compared to bulkers. In around 150 sales that we have on record since January, we see that focus has been mainly on vessels of 10 years or younger with the freight market, which resisted much better to pressure compared to dry bulkers at most times, giving more confidence to buyers that supported asset prices as a result. Additionally we could say that price ideas were in line with the market, while most of the candidate vessels have seen substantial interest in the market.
Two representative examples of this trend is a recent 5-year MR candidate that was inspected by five buyers, as well as a 10-year old Aframax that received interest by more than six different parties. At the same time older tankers, built between 2003 and 2007 are also receiving fair interest, with around 70 sales on record since the start of the year.
By George Iliopoulos
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.
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Tuesday, 16 July 19
SUPRAMAX: THE ASIAN ARENA WAS SPLIT, WITH A BUILD-UP OF TONNAGE AND LACK OF ENQUIRY IN THE NORTH - BALTIC BRIEFING
Capesize
It was a Brazilian affair with a strong splash of bunkers characterising the Capesize market over the past week. Largely traded in Eur ...
Wednesday, 10 July 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR HCV AND LCV COAL FOR AUGUST 2019 LOADING
COALspot.com: South Korea’s Korea South-East Power Co., Ltd. (KOEN) has issued an international tender for total 460,000 to 500,000 Metric To ...
Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...
Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
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, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize
The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...
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- Economic Council, Georgia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
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