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Wednesday, 18 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
 During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1, 500 inhabitants, in the Gothenburg southern archipelago.
DSM19 has been one of Sweden’s biggest shipping events (if not the biggest) with more than 2,000 visitors from 30 countries, 110 shipping companies and 300 exhibitors that all gathered in this small, car-free, island to discuss shipping related matters.
It was indeed a really interesting Conference / Exhibition with the agenda including challenging topics, covered by some very distinguished speakers. However, the two main take aways – from my side at least – were the following.
Shortage of personnel. As it happens in the Greek shipping sector, Sweden suffers from a local seafarers’ shortage. Whilst there is a separate campaign to attract young people into shipping, in DSM19 there was an event (in parallel with a recruitment fair) whereby around 2,200 young boys and girls visited the Exhibition, got on board a new eco tanker and had a full day of activities (including navigation simulation, fire drills etc). Of course, the youngsters were accompanied by teachers, career guidance counsellors and also the Swedish Minister of Education! I don’t know whether the Swedish government will ultimately succeed in tackling this problem; I don’t know what the employment alternatives for the young Swedish are either. What I do know is that looking at these 2,200 young people going in-out-around the ship on their rescue suits really gave me a positive view of the future.
Ship financing. At this DSM, there was for the first time a Financing Meet as well. Again, common with Greek shipping, I was surprised to listen to ship-owners arguing with their banks on who is a good owner to lend to and on when is the right timing to enter shipping / ship financing. Again, common to Greek shipping, the banks’ representatives admitted that their decision makers need to understand shipping better, but at the same time ship-owners need to understand how the financial markets work. It is therefore, once more evident that this is an international issue. The owners from one side stating that the conservative family businesses are the right ones to lend to and the banks replying with their usual Basel IV arguments. This is a debate dragging on for decades.
Perhaps, it’s about time the financial institutions agreed on a common checklist with their 10-15 common characteristics, which they believe constitute a solid shipping company and then communicate it. To get it a bit further, why not also seek for the opinion of the actual players of this game, i.e. the ship-owners. This would be ideal for both parties; the banks would hear the views of those who actually put the skin in the game and the ship-owners would have a far better understanding of where their financiers are coming from.
Both the above topics (crew shortage and debate between owners and banks) attracted my attention the most during the three days of the event, simply because these are the topics/issues that you will hear about whether you attend a conference in Singapore, Greece or in Donsö. In other words, these are well known problems that affect the shipping sector as a whole; problems that we should all act upon. Definitely, the young boys and girls with their blue DSM19 hats on was some light at the end of the tunnel!
By George Laios
Deputy CEO, Intermodal Group
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, 23 September 19
CHINA RECORDS SLOWER GROWTH IN COAL PRODUCTION - XINHUA
The growth of China’s raw coal production slowed down in August, data from the National Bureau of Statistics (NBS) showed.
Aro ...
Friday, 20 September 19
INDIA TO INVITE BIDS FOR COMMERCIAL COAL MINING IN DECEMBER - MINISTER FOR COAL
India aims to begin the process of holding the first round of commercial coal mining auctions December end, Minister for Coal, Mines and Parliament ...
Friday, 20 September 19
INDIA: ECONOMIC SLOWDOWN IMPACTS COAL IMPORT CARGO IN H1 FY20 - PTI
Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal gro ...
Tuesday, 17 September 19
PANAMA SHIP REGISTRY MODERNIZES SHIP REGISTRATION
The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)” the present ...
Tuesday, 17 September 19
THE DRY BULK FREIGHT MARKET IS ALREADY ON A DOWNWARD CORRECTION - ALLIED
Here we are again, just a breath before the final quarter of the year. Under typical circumstances and on the basis of what we have seen during the ...
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- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Australian Coal Association
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Bhatia International Limited - India
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