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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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Wednesday, 06 July 16
MARKET INSIGHT - VASSILIS VASSILIOU
After a fairly silent first half of the year in the ship repair sector, we have finally a harmonized workload in the shipyards around the world. Ma ...
Tuesday, 05 July 16
DRY BULK SHIPPING'S RECOVERY NOT SEEN UNTIL 2018 - SGX
SGX freight derivative volumes totaled 36,542 contracts in June (-28% m/m; +52% y/y), while open interest averaged 121,189 contracts during the mon ...
Tuesday, 05 July 16
SPOT COAL INDEXES FOR INDONESIAN COAL CONTINUE TO HOLD FIRM - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.83 percent week over week to averaging $39.98 per ton this past week, sh ...
Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the r ...
Monday, 04 July 16
BDI ROSE ON STRONGER DEMAND ACROSS ALL VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 11.16 percent from la ...
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- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
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