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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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Wednesday, 25 April 18
TANKER MARKET INSIGHT - THEODOROS NTALAKOS
We had the opportunity to be part of Intertanko's Hellenic Mediterranean Panel last week in the SNFCC and to present an outlook on the tanker f ...
Tuesday, 24 April 18
IMPORTING INDONESIAN COAL MAKES SENSE FOR INDIAN COASTAL PLANTS EVEN WHEN IT IS COSTLIER THAN INDIAN - ECONOMIC TIMES
Rising Indonesian coal production and lower Chinese demand have pulled down Indonesian coal prices by 22% over the last 45 days, a trend that augur ...
Tuesday, 24 April 18
IMO AIMS TO HALVE GLOBAL SHIPPING EMISSIONS - BUT WHAT WILL IT COST? - WOOD MACKENZIE
Global bunker fuel costs could rise by up to US$60 billion annually from 2020, in a full compliance scenario, when the International Maritim ...
Tuesday, 24 April 18
TWO 56K-DWT OPEN HONG KONG AND SINGAPORE WERE FIXED FOR INDONESIA COAL TRIPS TO CHINA, AT $9,500 AND $11,000 RESPECTIVELY - BALTIC BRIEFING
Capesize
This week has seen the Cape 5 timecharter weighted average almost double. Similarly, the Brazil to China ore rates climbed over $4.50, f ...
Wednesday, 18 April 18
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
The return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets. Howev ...
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- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Parliament of New Zealand
- Australian Coal Association
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
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