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Wednesday, 24 February 21
MARKET INSIGHT - INTERMODAL
 With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantly affected the dry bulk industry compared to other industries. Castor Maritime stars in stock performance, with Seanergy Maritime, which operates in the Capesize sector, and Navios Maritime which follows in the ranking of high returns.
The gradual recovery of the global economy has triggered an increase in loads of raw materials such as coal and iron ore, as industries have "lit" the "engines" again. For example, steel production (for which iron ore is an essential component) in Asia has increased by 6% in December 2020, reaching 118.6 million tonnes. In China, which is the largest producer in the world, growth in December 2020 was even higher, rising to 7.7%, or 91.2 million tonnes.
As per the world's largest shipowner union (BIMCO), the Capesize cargo ship market is recorded as a "rally" of fares. In the first 20 days of January 2021, 1,427 Capesize business trips were recorded, an increase of 10.4% over the corresponding period last year. According to BIMCO's analysis, among the factors that have contributed to increased transport demand through Capesize tonnage is the increase in electricity production in China, which is mainly fuelled through the use of coal. As a case, coal imports, which are normally carried out by cargo ships such as Capesize units, have increased. The increased demand for electricity is due to the wave of bad weather that has hit the Far East in recent weeks.
Moreover, the International Monetary Fund forecast is pointing to a higher recovery in the global economy in 2021, compared to last October. In particular, IMF estimates that the world economy will grow this year at a rate of 5.5% compared to the 5.2% that it was estimated back in October, while for 2022 it kept unchanged its forecast for growth of 4.2%. In contrast to the global economy, for the eurozone economy, the IMF forecasts a lower growth rate in 2021, namely 4.2% compared to the 5.2% forecast in October, while for 2022 it forecasts growth of 3.6% versus 3.1%, respectively. The forecast for recovery in the United States this year has been revised upward by two percentage points – to 5.1% from 3.1% in October – reflecting a strong momentum in the second half of 2020 and an additional support from the December 2020 fiscal package.
The International Monetary Fund foresees differences in the recovery path of developed economies. More specifically, both the United States and the Japanese economies expected to recover in the second half of 2021 and reach the level of GDP they had at the end of 2019 (before the coronavirus crisis). On the other hand, Eurozone and British growth domestic product is expected to remain lower in 2022 when compared to the levels at the end of 2019.
By Zisis Stylianos,
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- MS Steel International - UAE
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
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