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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As far as younger vessels are concerned, we saw a number of candidates being withdrawn from the market due to the substantial gap between Sellers’ and Buyers’ ideas.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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Sunday, 26 May 19
SUPRAMAX: A LIMITED ACTIVITY WAS REPORTED, WITH THE UPCOMING INDONESIAN HOLIDAYS SLOWING COAL MOVEMENTS - BALTIC BRIEFING
Capesize
The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on M ...
Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...
Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize
The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...
Friday, 17 May 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
Capesize
This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
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Showing 1396 to 1400 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
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