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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, 12 May 20
CAN INDONESIA'S COAL INDUSTRY SURVIVE COVID-19? : IEEFA
Pandemic Lockdown and Slumping Prices Put Extreme Pressure on Coal Miners
Executive Summary
While attention has been focused on th ...
Tuesday, 12 May 20
INDIA'S COAL PRODUCTION TO CLOCK RECORD 700 MILLION TONNES IN FY21: COAL SECRETARY - PTI
Coal Secretary Anil Jain said FY20 coal production was lower than the target of 660 million tonnes because of flooding of a key coal mine.
&nbs ...
Monday, 11 May 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Monday, 11 May 20
CORONAVIRUS PUTS MORE THAN A THIRD OF SEABORNE COAL SUPPLY AT RISK - WOOD MACKENZIE
The full impact of the coronavirus outbreak on the global economy is yet unclear. However, the demand destruction is already becoming evident, with ...
Saturday, 09 May 20
ANGLO AMERICAN CONSIDERS SPINNING OFF SOUTH AFRICAN COAL OPERATIONS - REUTERS
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa on the Johannesburg ...
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- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
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