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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, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
Friday, 10 July 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 ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
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