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Wednesday, 18 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
 Despite we all knew about the Covid-19 weeks ago, few could realize the size of the thread until the last few days. The examples of China and Italy weren’t enough to prepare us for what we would face. While strict measures are taken around the world in order to limit the spread of the virus, it is also crucial that each of us individually takes every precaution so that we can effectively face this invisible enemy. In light of this enemy, stock markets, trade and every business activity as we come to know it, have all started to collapse, affecting even more the global economy to new lows.
The shipping industry was inevitably affected as well. In the dry bulk market we have been experiencing a bad period since Q4 of 2019. The seasonal slowdown that started since Christmas and extended up to the end of the Chinese New Year along with the IMO regulations left no room for a strong Q1 in 2020. Initially, the virus outbreak reduced the trade and rates in the Far East. The collapse of the Capesize market was so severe though, that on 31st of January the index turned negative. BCI levels remained negative, reaching -355 points on 12/03/2020. The rest of the dry bulk indices kept facing pressure, while the BDI showed resistance just over the 400 point in the beginning of February.
Two weeks ago, the injection of fresh cargoes in the Atlantic coupled with a reported slowdown in new Covid-19 cases out of China resulted in a shy improvement of sentiment. Up until then, SnP activity followed a similar pattern and gave us glimpses of hope. The low indices reminded us a lot the period Q4 2015-Q1 2016. Asset values also began to decline, but by no means to the same extend they did in 2016.
Many buyers, especially in the Middle East and the West started to show interest for ships built 2005 onwards. Since the beginning of March we have also seen Far Eastern buyers showing interest for vintage Handysize loggers, Supramax and Panamax vessels with the majority of these buyers being Chinese. The quarantine regulations in some airports and ports worldwide led to huge difficulties for owners that wanted to arrange pre-purchase inspections, while delays were also observed in taking delivery of vessels. Naturally, many prospective buyers changed their mind and decided to wait until after there is more clarity regarding the current situation.
The last days’ events have significantly frozen buying interest since the negative sentiment widened and partly confirmed fears of further market declines and falling asset prices. Under the current circumstances, it seems that new buying opportunities will arise. Buyers still clearly have the upper hand since the supply of secondhand vessels is steadily higher and freight rates still shaky.
Despite the difficulties that every person encounters, we all have to keep moving forward. My wish to everyone is to remain strong and supportive towards their loved ones and we will come out of this much stronger. I would like to finish with one quote; “When it is dark enough, you can see the stars”, Charles A. Beard.
By Konstantinos Kontomichis
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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Monday, 30 December 19
AUSTRALIAN MINERS HIT BY LOWEST THERMAL COAL PRICE IN MORE THAN A DECADE - THE GUARDIAN
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about i ...
Monday, 30 December 19
INDIA'S COAL IMPORTS RISE 4% TO 161.43 MT IN APRIL-NOVEMBER 2019 - PTI
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing f ...
Sunday, 29 December 19
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Sunday, 29 December 19
IMO 2020 COMPLIANCE: IT'S UP TO US TO BE GOOD CITIZENS - IBIA
One of the concerns around implementation of the 0.50% sulphur limit has been, and continues to be, the need for effective enforcement to ensure a ...
Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
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Showing 1216 to 1220 news of total 6871 |
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- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
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