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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As far as younger vessels are concerned, we saw a number of candidates being withdrawn from the market due to the substantial gap between Sellers’ and Buyers’ ideas.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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Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...
Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...
Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize
The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...
Tuesday, 25 June 19
THERMAL COAL FUTURES ON THE ZHENGSHOU EXCHANGE ROSE - DANIEL HYNES
Coal markets were buoyed by ongoing supply side issues.
According to Daniel Hynes, Senior Commodity Strategist of ANZ, the the ...
Monday, 24 June 19
KOMIPO INVITED BITUMINOUS COAL BIDS FOR BORYEONG & SHIN BORYEONG POWER PLANTS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 260,000 MT MT of min. 5700 NAR coal and 240,000 MT of min. 4,600 k ...
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- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
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