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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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Monday, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power ...
Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
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- Sical Logistics Limited - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
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