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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As far as younger vessels are concerned, we saw a number of candidates being withdrawn from the market due to the substantial gap between Sellers’ and Buyers’ ideas.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, 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, rangin ...
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 ...
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Showing 1386 to 1390 news of total 6871 |
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- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- The University of Queensland
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
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