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Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
 Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to overcome new ones quickly and effectively not only to continue servicing their clients but also in order to move forward. While it is still uncertain if we are still in the Covid-19 era or in the post Covid-19 era, just like in every previous crisis there will be opportunities to be exploited.
Between mid-March and the end of April most countries where either in lock down or had just started coming out of it. As we all know the lockdowns around the globe affected the pace of the different supply chains, which effectively led to reduced volumes of transported cargo. Now that most restrictive measures have started to ease, trade volumes are expected to start picking up and if we also take into account the fact that billions in stimulus packages have been announced by the largest economies, there is a lot of speculation – and great anticipation- that the market will rebound at some point during the remainder of the year.
Some even believe that the momentum will be strong enough to eventually help overcome the challenges that the shipping market was facing prior to the Covid-19 crisis. Additionally, the fact that the presidential US elections are taking place in November means that the uncertainty that was already increasing prior to the lockdowns will eventually have to abate before the end of 2020.
It goes without saying that the effect of any government money poured into any economy will take time until it is truly felt but in terms of boosting sentiment it will help even at earlier stages and before the market starts to move up decisively.
That being said, shipowners should keep a close eye on asset values now and before the market takes off. Volatile times are not for the faint hearted but the reality is that that it is more conservative to invest during a bottoming market instead of buying a vessel when prices have already appreciated, not only because tonnage is priced more realistically but also because the downside in the first instance is much smaller.
Dry bulk asset values have been dropping for the last four months with limited SnP activity during the global quarantine period between mid-March and the end of April when a total of 25 transactions have been reported, exactly half of those that took place during the same period in 2019.
Theory differs from practice many times of course and one could argue that a “wait and see strategy” is a safer investing approach. One can wait as long as she or he desires but there are two facts that nobody can deny; asset prices are low and more cargo will sooner or later start to move. So if you were looking to invest it seems that the timing might be just about right.
By Timos Papadimitriou
SnP Broker
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing da ...
Thursday, 19 July 18
VINACOMIN PRODUCES OVER 20 MLN TONNES OF RAW COAL FROM YEAR'S START - VNA
The Vietnam National Coal and Mineral Industries Group (Vinacomin) has produced over 20 million tonnes of raw coal and 19.3 million of clean coal f ...
Wednesday, 18 July 18
INDONESIA TO AUCTION 16 MINING SITES - JP
Indonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administr ...
Wednesday, 18 July 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
The new regulations for Chinese flag restricting import of Tier I ships have dominated market sentiment during the past days as buyers have been tr ...
Thursday, 12 July 18
SUPRAMAX: INDO/CHINA COAL RV IS BEING FIXED AROUND USD 10500 BSS SINGAPORE - FEARNLEYS
Capesize
Cape market continue to be extremely volatile says Fearnleys in its latst weekly report.
The further noted that, last week ended wi ...
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- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- The University of Queensland
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Australian Coal Association
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
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