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Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
 Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that occurred concurrently over the past weeks, where someone could expect the opposite.
More specifically, in the Dry Bulk market the BDI is witnessing levels higher than its previous high of the current year, being at 2,939 points as of today, with its previous high of this year being recorded back in mid-March at 2,727 points.
Despite having all these holidays in the past weeks, the total number of deals seems to be mainly affected in the Dry Bulk market even while the values remain at similar or even firmer levels.
In mid-February 2022, Capesize M/V MINERAL BELGIUM (174kdwt 2005 SWS//SS & DD: 06-2022) had achieved high US$ 15m while the 1 yr younger and BWTS fitted M/V Aquascope (174kdwt 2004 SWS//SS: 11-2026 & DD: 03-2025) achieved US$ 19,7m in early April 2022.
Post Panamax M/V Sicilian Express (93kdwt 2013 Cosco Dalian//SS & DD: 01-2023) was sold at the end of January 2022 for levels close to US$ 20m while the 1 yr older and BWTS fitted sister, M/V Hong Guang (93kdwt 2012 COSCO Dalian//Next DD: 04-2023) was sold at the end of April 2022 for US$ 23 million.
Tier II Kamsarmax M/V Sea Neptune (81kdwt 2013 Xiamen//SS & DD: 03-2023) had secured US$ 23m at the end of March 2022, while the same buyers took at the end of April 2022 the exact sister M/V Sea Hermes (81kwt 2013 Xiamen//SS & DD: 01-2023) at mid US$ 23 million.
Chinese built M/V SITC Lushan & exact sister M/V SITC Zhoushan (76kdwt 2013 Yangfan) both BWTS fitted & with next DD in end-2023 were sold at the end of April 2022 at US$ 22m each while in the early-April 2022 the younger M/V RIO GRITA (75kdwt Taizhou Kouan//Next DD: 02-2024)-BWTS fitted had achieved US$ 22,5m.
At the end of April 2022, Eco type Ultramax M/V Tomini Integrity (60kdwt 2016 Onomichi//Next DD: 12-2024)-BWTS fitted, got sold for US$ 33,5m basis a prompt delivery, while in mid-February 2022, the also Eco type M/V Ultra Excellence (61kdwt 2016 Tadotsu//Next DD: 09-2024)-BWTS fitted had more than 10 buyers chasing her and ended up being sold at mid US$ 31m basis delivery towards June 2022.
Supramax M/V Therese Selmer (56kdwt 2006 Mitsui//Next DD: 11-2024)-BWTS fitted has just obtained a price in the rgn of US$ 17m while the 1 yr younger sister vessel M/V Hai Long (56kdwt 2007 Mitsui//Next DD: 06-2023)- BWTS not fitted, was sold in beg-March 2022 for rgn US$ 16 million.
In the Handysize segment M/V Ionic Huntress (34kdwt 2012 Dae Sun) has reportedly been sold last week at US$ 19,5m basis SS/DD due and BWTS on order, while the exact sister vessel M/V Ionic Halo was sold at the end of March 2022 for slightly less than US$ 19m basis SS/D passed and BWTS fitted.
Moreover, M/V Seaster Empress (35kdwt 2011 nantong//SS: 11-2026 & DD: 01-2025)-BWTS fitted/Tier II, was sold in ear-April 2022 at US$ 16,5m while the also BWTS fitted/Tier II M/V Jin Da (35kdwt 2011 Nanjing Dongze//SS: 09-2026 & DD: 09-2024) is now rumoured sold at levels in the low-mid US$ 17m.
One could expect an increase in SnP Activity with the holidays ending and with various markets opening again.
By Mohamed Rabie
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
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.
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
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Friday, 23 February 24
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In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
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Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Economic Council, Georgia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Australian Coal Association
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- The University of Queensland
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
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