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Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
 2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek seafarers hold Internationally. We’re proud that our firm has entered the 125-year frame and we see the continued ‘success story’ having properly entered the third century of operations for the family business established back in 1893 on the island of Syros, by the undersigned’s great granddad, Nicolas D. Cotzias. The fourth generation of the Cotzias dynasty actively continues to be associated with the best aspects of
Shipping.
Another milestone is that Posidonia became ‘middle-aged’ in 2018, having reached its 50th year anniversary. The long week, or arguably a fortnight, that brought an alleged €62 million to the Greek economy -through the many professions that busied themselves with the influx of an excess of 22,000 visitors- is over. Long memories of ‘young at heart’ shipping executives can remember the 1969 first Posidonia in Zappeion, followed by the move to the OLP building of the Piraeus Port Authorities between 1976-2004, then a short pass, thrice, through the old airport in Ellinikon, to ‘land’ in 2012 in the grand expanse of the organized Metropolitan Expo that also housed this year’s Posidonia.
The inspired Vokos family – close friends of the undersigned- have been making history since the brilliant and original idea to celebrate the formation of Piraeus as THE global Shipping center through the inception of POSIDONIA. It has grown in fame and size having reached the incredible participation of well over 22,000 visitors of 1,920 exhibiting companies from 96 countries. The President of the UGS, Theodore Veniamis, rightly pointed that ‘Posidonia’… ‘spreads a sense of enthusiasm among the shipping community’. The optimism deriving from the Posidonia uplift may also prove to generate further positive market sentiment.
Both the professionals and the other hard-working men and women who supported all aspects of the service industry attaching to the exhibition were exemplary. A habit which we witness every two years and it defies the external belief that we Greeks lack organizational skills and commitment to hard work.
An interesting item of news to this particular Posidonia was the huge influx of ICT (Information Communication Technology) companies, -circa 60- that see the future developing in the way of: location specific weather forecasting, cloud gathering of ship data, cyber protection, cargo tracking, improved crew management, telemedicine for crew and all the technology applications that will serve the future of the automated vessels, leading eventually to unmanned smart ships. This year’s exhibiting ICT companies came from 18 countries from all over the world and all aspire to redefine the shipping business. All these innovations were presented in the numerous forums and discussions held at the Posidonia site.
And to close this celebratory Insight, I heard on the official Posidonia opening video an impressive claim, that if one would line up all Greek vessels you can reach Jupiter, the Zeus (Dias) of the Greek Gods! Neptune/Poseidon rejoice, it all started in Greece!
By Sophie Cotzias
Managing Director - Cotzias Intermodal Shipping
The GOLDEN anniversary/50 years of Posidonia
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
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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Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
Thursday, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concer ...
Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal I ...
Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...
Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.
According to EIA's Short-Term Ener ...
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- PTC India Limited - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
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