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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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Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
Subdued demand & global oversupply pushed down this month's HBA
COALspot.com: The Indonesia Coal Price Reference ...
Tuesday, 01 September 20
WHY INDIA CAN'T MATCH THE GULF REGION'S RECORD-LOW SOLAR TARIFFS - IEEFA
5-10% annual decline in tariffs estimated for the next decade
A number of countries in the Gulf region have set record-low prices for solar in ...
Tuesday, 01 September 20
COVID-19 PUSHES US LNG INTO A TIGHT SPOT - DREWRY
The pandemic-led weak projections for economic growth will derail US LNG exports in full-year 2020 with the country also losing ground in the long ...
Monday, 31 August 20
DEFECTIVE PASSAGE PLANNING: UNSEAWORTHINESS OR A NAVIGATIONAL DECISION? THE CMA CGM LIBRA QUESTION SAILS ON TO THE UK SUPREME COURT - GARD
KNOWLEDGE TO ELEVATE
The UK Supreme Court has granted leave to appeal the recent decision in Alize 1954 v Allianz Elementar Versicherungs AG ( ...
Sunday, 30 August 20
PANAMAX - THIS WEEK THE DEMAND HAS PICKED UP, BUT THE TONNAGE LIST IS INCREASING DAY BY DAY - FEARNLEYS
Cape Size
More or less flat from previous week, with cape rates moving from US$ 19,500 to 18,900 on average. West Australia however being more ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- The University of Queensland
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
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