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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As far as younger vessels are concerned, we saw a number of candidates being withdrawn from the market due to the substantial gap between Sellers’ and Buyers’ ideas.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, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...
Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...
Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.
First there was a court ruling blocking a new mine on climate change ground ...
Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...
Tuesday, 26 February 19
CHINA RESTRICTS SEABORNE COAL IMPORTS - WOOD MACKENZIE
In response to news on China's Dalian port restricting seaborne coal imports, Wood Mackenzie's experts provide the following commentary.
...
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- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
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