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Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
 As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitarian concern and unavoidably a concern about the course of the world economic growth. Our European neighbor, Italy, has been taking extremely strict measures in order to deal with the epidemic that went out of control quickly in the country and has already shaped the daily life there with cinematic scenes taking place as people tried to stock both on food and medical supplies in fear of a future shortage of such products.
Financial markets around the world have been also getting a lot of pressure, while the impact on the shipping industry has been substantial so far as well, a development expected given the many ways shipping is interlinked with China and therefore affected by what goes around there.
Despite the extended problems in China we have been recently noticing slightly increased activity in shipyards. Indeed, contrary to the previous weeks during which most local yards were closed and many ships could not complete their dry-dockings, slowly but steadily operations have been resuming despite the reduced personnel. Another sign of the gradual return to normality is the improved SnP activity as far as Chinese owners are concerned. After muted buying appetite due to the Chinese New Year and the outbreak of the virus, it seems that even while many of them are still restricted at their homes, Chinese owners have started getting their hands on dry bulk candidates again.
What is fairly interesting even at this stage is the extent to which the shipping industry as well as global markets in general will recover once the epidemic is contained. We have seen in the past that after the spread of a virus, a strong rebound follows, which was also the case following the containment of the SARS and Zika viruses. Many believe that after the relaxation of the strict measures that coincided with the end of the Chinese New Year, we will see a fast rebound of the market. This would also explain why among others, Greek and Chinese owners are particularly active nowadays. Indeed, during February, which was an extremely bad month for the shipping market due to the above mentioned reasons, we saw more than 45 vessels (Handysize up to Capesize) changing hands.
Another notable point that is related to the activity in the second-hand dry bulk market of the past couple of months is that asset values during this environment of exceptionally - in some cases – low freight rates have not declined as much as someone would expect and compared to previous times that the market had gone through similar shocks. This is not to say that we haven’t seen discounts compared to the end of last year but there was certainly no collapse. Surprisingly enough it was Handysize values that seemed to have received the biggest discounts despite the fact that rates for the size showed the most resistance during these very bad months and that during previous market downturns this was the size that saw less pressure in terms of asset prices.
By George Iliopoulos
SnP Broker
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, 16 April 20
CHINA'S BENCHMARK POWER COAL PRICE FALLS 5 YUAN PER TONNE - XINHUA
China’s benchmark power coal price fell by 5 yuan (about 70 U.S. cents) per tonne during the past week.
The Bohai-Rim Steam-Co ...
Thursday, 16 April 20
MARKET INSIGHT - INTERMODAL
As everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch the reaction of tanker rates that were in ...
Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Saturday, 11 April 20
FAQ: COVID-19 AND CLUB COVER - UK P&I
KNOWLEDGE TO ELEVATE
The Coronavirus (COVID-19) pandemic has generated a significant number of enquiries and questions from Members in recent ...
Saturday, 11 April 20
KOEN POWER PLANTS INVITED BIDS FOR 1.5 -1.62 MMT OF STEAM COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (M ...
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Showing 1016 to 1020 news of total 6871 |
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- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- White Energy Company Limited
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
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