We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 31 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
 It was a fairly busy week in the dry S&P market. Despite the ease of Capesize rates which impacted Panamaxes as well, interest from potential buyers remains robust while there is no sign of values softening in the short term.
In the Kamsarmax sector the BWTS fitted ‘NORD DESTINY’ (83,684dwt-blt ‘08, Japan) is reported sold at low $14.0m to Greek buyers. The price falls in line with expectations as the slightly older ‘RED LOTUS’ (83,007dwt-blt ‘06, Japan) was recently sold at region $12.5m.
Furthermore, the Panamax ‘ETERNAL GRACE’ (76,585dwt-blt ‘06, Japan) has been reported sold at $9.6m to Chinese buyers. The price is reflective of the fact that the vessel is not fitted with BWTS hence cannot call USA ports despite her good survey position due in 2021. There is a fair demand for Panamax & Kamsarmax bulkers of this age in the market with few ships being under the process of inspections these days and we expect to be able to report more in the coming weeks.
In the Supramax sector, activity has been slower as most buyers have focused on the larger tonnage as result of the spike in freight rates. Nevertheless, clients of Eagle Bulk Shipping have been at the forefront this week as they have announced the acquisition of 6 x SDARI 64 Ultramax bulkers built 2015-2016 in China for $122m en-bloc. Identity of the vessels has yet to be disclosed however it is understood that 4 of them are fitted with scrubbers.
Additionally, clients of Oman Shipping are reported to continuing their dry bulk fleet renewal as they are tipped to have committed 2 x 64,000dwt Zhoushan Changhong Ultramax resales at $23.0m a piece. Moreover, following the recent sale of ‘SINAR KUTAI’ (57,334dwt-blt ‘11, S. Korea) at region $11.0m, we now understand the Indonesian owners have also committed the sister ‘SINAR KAPUAS’ (57,334dwt-blt ‘11, S. Korea) at similar levels.
As far as tankers are concerned, there is still firm interest from buyers both in the crude and product sectors where most sales were reported this week. In the crude sector all eyes are on the VLCC ‘ORIENTAL JADE’ (306,352dwt-blt ‘04, Japan), which is inspectable next week and we hear that a number of buyers is already lined up to inspect her.
In the products side, we are hearing that the Japanese controlled pump room type ‘EAGLE EXPRESS’ (45,902dwt-blt ‘10, Japan) has been committed to clients of Union Maritime at region $16.3m, which shows a slight softening in values compared to recent sales.
Formosa Plastics are reported to have disposed yet another zinc coated MR tanker, the ‘FPMC 23’ (50,999dwt-blt ‘10, S. Korea) at a price close to $15.0m to Greek buyers. Sellers have recently sold the sister to different Greek buyers at slightly lower figures.
By Vasilis Moiris
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
|
|
|
Showing 1 to 5 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
|
| |
| |
|
1 