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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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Tuesday, 09 June 20
INDIA: COAL IMPORT DROPS BY 20% TO NEARLY 19 MILLION TONNES IN MAY, SAYS REPORT - HINDUSTAN TIMES
The country’s coal import dropped by 20 per cent to 18.93 million tonnes (MT) last month, industry data showed.
The government ...
Monday, 08 June 20
WOOD MACKENZIE: THE INDISPENSABLE OPEC+
Rumours of “the death of OPEC” have been circulating for almost as long as the organisation has existed. Just three years after the car ...
Monday, 08 June 20
CHINA'S COAL IMPORTS FALL NEARLY 20% IN MAY EVEN AS DEMAND RISES - REUTERS
China’s coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, custo ...
Monday, 08 June 20
JUNE 2020 INDONESIAN COAL PRICE REFERENCE HIT US$ 52.98 A TON, ITS LOWEST LEVEL SINCE AT LEAST AUGUST 2016
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Sunday, 07 June 20
A SCRUBBER FITTED 61,000 ULTRAMAX WAS FIXED DELIVERY PHILIPPINES TRIP VIA SOUTH AFRICA REDELIVERY VIETNAM AT $9,500 - BALTIC BRIEFING
Capesize
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the ...
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- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
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