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Wednesday, 28 November 18
SHIPPING MARKET INSIGHT - GEORGE LAIOS
 Last week I had the privilege to attend the SingularityU Greece Summit, in Athens. It was a privilege because you do not often have the chance to see and listen to world class experts from Silicon Valley talking about what the future holds for us. During these two full days we got to know about the new technologies and latest developments in sectors like energy, medicine, industry, space travels and many more. However, the two things that really impressed me were the (exponential) speed of change in all the sectors and the disruption that is happening or is about to happen again in all sectors. The changes are happening in such a speed that even well-known and recognised institutions keep missing their forecasts or, I would dare say, the big picture. Disruption happens, but it's coming from the outside of each sector. And this is where huge companies have failed and finally gone bust. They did not see it coming because it did not come from within their sector.
One of the many stories that we were told during the conference was the one told by David Roberts, who is regarded as one of the world's leading experts on disruptive innovation and exponentially advancing technology. The story was about Frederic Tudor and how he disrupted the hundreds of years of the spices trading sector by inventing … the insulated warehouse and the trade of ice!
For hundreds of years it was believed that meat was preserved using spices. However, Tudor – an American business man from Boston – had a different opinion. He started cutting large blocks of ice from the ponds of Massachusetts, stored them in insulated warehouses and then thought of exporting this ice to places that had much warmer climate. Therefore, he built an insulated ship and after many unsuccessful attempts and after having gone bankrupt a couple of times, he managed to get the ice out of the ponds of New England and carry it around the world going as far as India. It did not take more than 20-30 years for the spice industry to collapse. Did anyone see it coming? No. Did any of the old spice trade companies moved into the ice trade? No. So, one business man from Boston disrupted a long standing industry.
The story doesn’t end here. Tudor’s business was also disrupted by the invention of the ice-maker. Not only there was no need to cut the ice out of lakes, but also the ice trade itself stopped. People ultimately ended with a nice piece of furniture (the ice boxes) on top of which they put a small block of ice (delivered to their door) and preserved their food. And of course, the ice box industry got disrupted by the fridge business. Again, no-one of the ice box makers followed the trend.
The above story was really enlightening as none of the above saw the disruption coming (even Tudor himself). And when they actually saw it, they did nothing but resist. It is true that in hindsight, we may consider it easy to predict, but what about our days and our world? We all see alternative sources of energy gaining ground over the ‘’traditional’’ sources and the new energy mix being rapidly changing; we all see the new technologies coming and conquering all sectors of the economy, including shipping (e.g. remote monitoring, autonomous ships). Are we going to do something about it? Will we adapt? Will we stay with our fridge, or move to the next solution?
The decision is in our hands.
By George Laios
Deputy CEO, Intermodal Group
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
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, 22 January 19
9TH GLOBAL MANUFACTURING SUPPLY CHAIN INNOVATION SUMMIT 2019
Rethinking the supply chain in manufacturing is a must at the digital era along with the industry transforming and innovating; new manufacturing is ...
Tuesday, 22 January 19
AUSTRALIA'S YANCOAL PRODUCED 50 MMT SALEABLE COAL IN 2018 UP 59 PER CENT ON THE YEAR PRIOR, THE QUARTERLY REPORT SHOWS
According to the report, the miner's quarterly (Q4' 18) saleable coal production of 12.4 Mmt. Includes 10.5 Mmt (85 per cent) from the Comp ...
Monday, 21 January 19
KOSPO INVITING BIDS FOR 320K MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV low calo ...
Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
Capesize
A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply ...
Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), ...
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- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- Indian Oil Corporation Limited
- Australian Coal Association
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- The University of Queensland
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- MS Steel International - UAE
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
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