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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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Wednesday, 11 September 19
THE INDONESIAN COAL PRICE REFERENCE FELL HEAVILY IN SEPTEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 11 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
We are going through one of the rare instances where we see optimism building in the dry bulk industry and, as the momentum is still going, the bel ...
Monday, 09 September 19
INDIAN COMPANIES READY TO INVEST IN DEVELOPMENT OF NEW COAL DEPOSITS IN RUSSIA'S YAKUTIA - TASS
Indian metallurgical companies, which received trial batches of coal from Kolmar mining company, are satisfied with the quality of the products and ...
Monday, 09 September 19
COLOMBIA COAL OUTPUT DOWN YEAR-ON-YEAR IN 2ND QUARTER - REUTERS
Colombia, the world’s fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same ...
Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
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- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- PTC India Limited - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
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