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Wednesday, 18 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
 During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1, 500 inhabitants, in the Gothenburg southern archipelago.
DSM19 has been one of Sweden’s biggest shipping events (if not the biggest) with more than 2,000 visitors from 30 countries, 110 shipping companies and 300 exhibitors that all gathered in this small, car-free, island to discuss shipping related matters.
It was indeed a really interesting Conference / Exhibition with the agenda including challenging topics, covered by some very distinguished speakers. However, the two main take aways – from my side at least – were the following.
Shortage of personnel. As it happens in the Greek shipping sector, Sweden suffers from a local seafarers’ shortage. Whilst there is a separate campaign to attract young people into shipping, in DSM19 there was an event (in parallel with a recruitment fair) whereby around 2,200 young boys and girls visited the Exhibition, got on board a new eco tanker and had a full day of activities (including navigation simulation, fire drills etc). Of course, the youngsters were accompanied by teachers, career guidance counsellors and also the Swedish Minister of Education! I don’t know whether the Swedish government will ultimately succeed in tackling this problem; I don’t know what the employment alternatives for the young Swedish are either. What I do know is that looking at these 2,200 young people going in-out-around the ship on their rescue suits really gave me a positive view of the future.
Ship financing. At this DSM, there was for the first time a Financing Meet as well. Again, common with Greek shipping, I was surprised to listen to ship-owners arguing with their banks on who is a good owner to lend to and on when is the right timing to enter shipping / ship financing. Again, common to Greek shipping, the banks’ representatives admitted that their decision makers need to understand shipping better, but at the same time ship-owners need to understand how the financial markets work. It is therefore, once more evident that this is an international issue. The owners from one side stating that the conservative family businesses are the right ones to lend to and the banks replying with their usual Basel IV arguments. This is a debate dragging on for decades.
Perhaps, it’s about time the financial institutions agreed on a common checklist with their 10-15 common characteristics, which they believe constitute a solid shipping company and then communicate it. To get it a bit further, why not also seek for the opinion of the actual players of this game, i.e. the ship-owners. This would be ideal for both parties; the banks would hear the views of those who actually put the skin in the game and the ship-owners would have a far better understanding of where their financiers are coming from.
Both the above topics (crew shortage and debate between owners and banks) attracted my attention the most during the three days of the event, simply because these are the topics/issues that you will hear about whether you attend a conference in Singapore, Greece or in Donsö. In other words, these are well known problems that affect the shipping sector as a whole; problems that we should all act upon. Definitely, the young boys and girls with their blue DSM19 hats on was some light at the end of the tunnel!
By George Laios
Deputy CEO, Intermodal Group
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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Thursday, 21 March 19
PRICE PLUNGE AS CHINESE LEAVE THERMAL COAL OUT IN THE COLD - AUSTRALIAN FINANCIAL REVIEW
Thermal coal exporter New Hope Corporation says China’s shipment squeeze on Australia is putting downward pressure on prices in all markets i ...
Wednesday, 20 March 19
COAL EXPORT FEARS RESURFACE AS RESTRICTIONS HIT MORE CHINESE PORTS AND AUSTRALIAN PRICES COP A 'BELTING' - ABC
Australian thermal coal exports to China are under increasing pressure, with indications import restrictions are spreading to other key ports.
...
Monday, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize
The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...
Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.
Coal ...
Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...
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- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
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