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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, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
Tuesday, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
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Showing 286 to 290 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Indian Oil Corporation Limited
- Australian Coal Association
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
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