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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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Wednesday, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...
Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...
Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.
First there was a court ruling blocking a new mine on climate change ground ...
Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...
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- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
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