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Wednesday, 12 October 22
MARKET INSIGHT - INTERMODAL
 Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such vessels changing hands during the first three quarters of 2022 are reported to be somewhere between 1050-1100 ships, totalling around 85 million dwt.
More specifically, approx. 525 Tankers and approx. 550 Bulkers sales have been recorded during that period. A strong increase of abt 40% is witnessed in the Wet tonnage transactions when comparing Q1-22 to Q3-22, while a reduction of close to 30% is noticed in the number of Bulkers sales when comparing Q3-22 to Q1-22.
That fluctuation in the number of deals per sector, reflects the shifting buying interest towards the Wet tonnage, which prevails the market in recent months, given the unfolding energy crisis, expected shortages in the European market & sanctions linked to the Russia-Ukraine situation coming in force, generating longer-average trade routes.
During the past six months the dry Bulk rates have notably declined, something which is slowly and steadily affecting the asset values as well. However, that seems to be coming close to its end, as the commodity of "Coal" in particular, is needed to boost the unfolding global energy shortages and limited supplies on other energy sources and we're already seeing a rebound in the Panamax up to Capesize vessels rates. That rebound is expected to further support smaller segments of the Dry Bulk sector as well.
Looking at the broader picture, current trends appear to be more of a long-lasting market driver, rather than a momentary spike that would deflate soon. Even if the ongoing war hopefully ends soon, energy shortages, the need for reconstruction and the fact that the market would have to re-utilize its traditional trading routes/flows, is something that would clearly take time.
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.
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Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per da ...
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- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
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