We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
|
|
|
Showing 1096 to 1100 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Planning Commission, India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
|
| |
| |
|
