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Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
 Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction in dry trade freight rates, there is still ample purchasing appetite displayed from interested parties, while vessel values – more or less – remain stable.
In the Capesize front, clients of Berge Bulk are linked to the purchase of BWTS fitted ‘Cape Fushen’ 178k/2008 (SWS, China) at $13.8m, a price slightly lower than last done. Greek buyers which are clients of Polembros are reported to have picked up another Post Panamax bulker, namely the ‘Double Paradise’ 95k/2011 (Imabari, Japan) for $15.5m and it is BWTS fitted. In the Panamax sector, the ‘Priscilla Venture’ 77k/2008 (Oshima, Japan) is reported to be sold at $11.35m to Greek buyers which are clients of Franco Compania Naviera. The price is slightly firmer than what the ‘Agri Marina’ 77k/2008 (Shin Kasado, Japan) obtained in end July dates at $10.8m, albeit with an inferior survey position.
Nisshin Shipping are continuing their disposal of assets and this week are reported to have committed on subjects their BWTS fitted TESS 58 ‘Western Seattle’ 58k/2014 (Tsuneishi Zhoushan, Japanese affiliated) for $14.5m. Nisshin have also recently sold sister vessel ‘Western Honolulu’ at $14.2m to Greek buyers.
Activity in the tanker sector was less robust with few reported sales. Middle Eastern buyers which are clients of Marshal Shipping are linked to the purchase of VLCC ‘ADS Stratus’ 299k/2002 (Hitachi, Japan) for $25.5m which is higher than the last done. Moreover, Avin are reported to have sold a couple of older Suezmax tankers namely ‘Kriti Spirit’ 160k/2000 & ‘Kriti Sfakia’ 160κ/2000 (Daewoo, S. Korea) to Russian buyers at around $14.4m each. The aforementioned price appears in line with the sale of Sonangol Kizomba 159k/2001 (Daewoo, S. Korea) which was sold for $16.5m to Middle Eastern buyers in August.
With regards to the dry sector, SnP activity is likely to remain robust in the near future if the assumption that rates will remain at relatively “healthy” levels is undertaken. A number of ships are currently being inspected with numerous buyers showing interest; therefore, this may be indicative of significant sales volumes materializing at least during the immediate weeks ahead. In the tanker realm, speculation of an increase in storage trade may prompt buyers to up their game soon. Increased interest from potential investors in older crude tankers is also being observed.
By Vasilis Moiris
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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Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...
Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
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- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Australian Coal Association
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
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