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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, 01 July 20
MARKET INSIGHT - INTERMODAL
It was beginning of 2020 – close to 6 months from now – when we first experienced the huge impact of the COVID 19 outbreak on Ship Repa ...
Monday, 29 June 20
INDONESIAN COAL AT THE MERCY OF THE DRAGON AND TIGER - GHEE PEH | IEEFA
Coal sector analysts have been busy in recent months mapping the negative impact of low coal prices from the COVID-19 pandemic on Indonesian coal c ...
Monday, 29 June 20
FALLING DEMAND IN CHINA AND INDIA SIGNAL TOUGH TIMES AHEAD FOR INDONESIAN EXPORTS - GHEE PEH | EEFA
Assessing the Impact on Indonesian Coal Companies
The bad news for Indonesia’s coal companies is that they are likely to have ...
Monday, 29 June 20
INDIA COAL IMPORT OUTLOOK: WEAK DEMAND, IMPORT SUBSTITUTION, EXPECT 20% YOY DECLINE - GHEE PEH | IEEFA
For India, the coal demand indicators have clearly turned negative.
According to Argus Media, since the government declared a ...
Monday, 29 June 20
CHINA COAL IMPORT OUTLOOK: MANY MOVING PARTS, FORECAST TO FALL 10% YOY - GHEE PEH | IEEFA
China’s coal demand declined in the first quarter of 2020. According to the China National Coal Association, the country consumed 870mt in th ...
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- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- The University of Queensland
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
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