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Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
 Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a review of how much the shipping industry has been affected. As it was expected, the Covid-19 has a huge impact not only on the freight market of different sectors but also on the way that the shipping participants operate. It is essential for shipping participants to travel around the world; the prohibition of traveling added an additional burden to the shipping community. We witnessed cases where crews remained on ships beyond their contracts as they could only change in certain ports. We have seen SnP transactions fail due to the fact that the delivery of units was very difficult. Another reason that led to transaction failures was the negative momentum in the freight market; that led owners to withdraw from SnP transactions that they were about to complete in the view of a very negative freight market outlook.
Let us not forget that, as far as the dry sector is concerned, we saw the market being below 600 units from late January to June, with a few exceptions where the BDI posted at the region of 700 points. There was a time when we really did not witness any secondhand transaction while the freight market in the dry bulk sector was at significantly low levels. But, as soon as June kicked off, things changed a lot. The market started to recover with the BDI passing even the 2000 points. We suddenly saw several buyers leaving the sidelines and bid on ships. Many vessels were sold on a waiving inspection basis while their prices increased as the competition increased.
An example of such a price increase was the sale of a Japanese Supramax, 2008 built which was sold for USD 7.8 million back in March, while today, the owners for similar units are asking over USD 9.5 million. Prices for the other sizes followed the same trend with the exception of Handysize vessels; while we are noticing some increases in prices for such units, these improvements have not been as rapid as the market recovery.
As we are coming close to the end of 2020 and we are waiting for the vaccine against coronavirus that will boost the psychology worldwide and the global economy, it will be very interesting to see how the charter market will react. At the moment, there is some ground for optimism, and we hope that the coming year will provide a boost to World Trade and consequently positive fundamentals will arise for the shipping industry.
By George Iliopoulos
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.
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Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
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- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
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