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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, 24 August 14
SEA FREIGHT MARKETS STARTING TO LOOK POSITIVE; CAPES DRIVE FREIGHTS HIGHER
COALspot.com: The freight market has strengthen further this week with BDI up 7.19 pct week on week. The BDI was closed at 1,088 points while the B ...
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in t ...
Friday, 22 August 14
ARBITRATION CLAUSE IN LOU HELD TO REPLACE CHARTERPARTY ARBITRATION CLAUSE
KNOWLEDGE TO ELEVATE
The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was th ...
Friday, 22 August 14
ICAP ENERGY LAUNCHES GLOBAL COKING COAL DERIVATIVES TRADING
First contract completed and cleared on CME
COALspot.com: ICAP Energy, the energy business of ICAP plc, announces today that it has successful ...
Friday, 22 August 14
U.S WEEKLY COAL PRODUCTION UP 2.4% WEEK OVER WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.60 million short tons (mmst) of coal in ...
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- Kumho Petrochemical, South Korea
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- ASAPP Information Group - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
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