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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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Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
Thursday, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
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- Minerals Council of Australia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
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