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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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Sunday, 08 March 15
FREIGHT RATES FROM INDONESIA TO INDIA IS TRENDING UP
COALspot.com: The freight market continued to see gains this week and all the indices were rose except for Cape index. The BDI was increased 4.62 p ...
Friday, 06 March 15
BALTIC DRY INDEX: IS THIS POWERFUL INDICATOR SIGNALING A GLOBAL RECESSION? - STREET AUTHORITY
Although memories of the Great Recession linger, a case can be made that better days lie ahead.
That’s because central banks around the ...
Friday, 06 March 15
U.S. WEEKLY COAL PRODUCTION ROSE 3.5% WEEK ON WEEK
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.1 million short tons (mmst) of coal ...
Thursday, 05 March 15
PANAMAX : THE ATLANTIC ROUND IS NOW PAYING AROUND US$ 5K PER DAY
COALspot.com: Handy - The activity in the handy/supra segment is back. “ We see more fresh cargo in the market for 2nd half March dates ...
Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
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- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
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