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Wednesday, 13 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
 If there is one word that can describe the current shipping environment then that this word is most probably “volatility.” The sentiment changes in the blink of an eye. Regulations, tariffs, sanctions, you name it, all play their part. For some, volatility provides opportunities and possibilities to speculate and invest. For others volatility only prolongs the uncertainty and adds to the fatigue. Either way this is the current reality and there are no signs that things will change and become more predictable.
It is widely accepted that shorter cycles are here to stay. Orderbooks and scraping do play a role but sentiment and trade agreements are in the driver's seat. In an industry that is 100% capital intensive to begin with, now more than ever the need for quick reflexes is imperative.
Shorter cycles that span anywhere from 6 to 18 months mean that the opportunity to make money for shipowners is heavily dependent on the price they paid to acquire or build the asset. With that being said the term “asset play” gains a different meaning. The ability to be able to sell or buy an asset when opportunity arises will be very important to the survival let alone the prosperity of a shipping company. Asset play will become more complex and more structured. An early sign of this is last year's import regulations that China implemented that very quickly created a sub-market segregating Tier I and Tier II ships within each size segment.
Don't get me wrong, the way a company operates or charters their assets will still always be the main source of income and will stay at the core of the business model separating the good from the very successful, but the ability to let go of an asset or the capacity to buy an asset due to an opportunity, will give a significant edge to anyone that can do it.
In a market environment that financing remains scarce, expensive and for many still not easily accessible all of the above is easier said than done. But you can’t or at least you should not ignore where things are heading.
More than ever before, this industry is being led by people that know shipping or at least are willing to have a long presence in shipping. The outlanders that entered - or invaded for some - the previous years have either switched focus or have taken the back seat after years of failing to predict the market, realizing that liquidity is not easily achieved when all things go south.
All in all, as long as newbuilding ordering is rational and mostly driven by need of new tonnage and reasonable speculation, over-supply will stay in check, adjust and eventually cease to exist and in my humble opinion shorter cycles will play a role to that. For a shipping company this will make the need for increased SnP activity vital. We are moving towards an industry that will be even faster paced going forward, with new possibilities to be explored and new boundaries, technological and operational to be pushed. With the BDI currently at very low levels it is only logical that we cannot see the forest for the trees, but the forest is there and it is full of opportunities.
By Timos Papadimitriou
SnP Broker
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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Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
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Showing 1346 to 1350 news of total 6871 |
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- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
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