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Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
 Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a review of how much the shipping industry has been affected. As it was expected, the Covid-19 has a huge impact not only on the freight market of different sectors but also on the way that the shipping participants operate. It is essential for shipping participants to travel around the world; the prohibition of traveling added an additional burden to the shipping community. We witnessed cases where crews remained on ships beyond their contracts as they could only change in certain ports. We have seen SnP transactions fail due to the fact that the delivery of units was very difficult. Another reason that led to transaction failures was the negative momentum in the freight market; that led owners to withdraw from SnP transactions that they were about to complete in the view of a very negative freight market outlook.
Let us not forget that, as far as the dry sector is concerned, we saw the market being below 600 units from late January to June, with a few exceptions where the BDI posted at the region of 700 points. There was a time when we really did not witness any secondhand transaction while the freight market in the dry bulk sector was at significantly low levels. But, as soon as June kicked off, things changed a lot. The market started to recover with the BDI passing even the 2000 points. We suddenly saw several buyers leaving the sidelines and bid on ships. Many vessels were sold on a waiving inspection basis while their prices increased as the competition increased.
An example of such a price increase was the sale of a Japanese Supramax, 2008 built which was sold for USD 7.8 million back in March, while today, the owners for similar units are asking over USD 9.5 million. Prices for the other sizes followed the same trend with the exception of Handysize vessels; while we are noticing some increases in prices for such units, these improvements have not been as rapid as the market recovery.
As we are coming close to the end of 2020 and we are waiting for the vaccine against coronavirus that will boost the psychology worldwide and the global economy, it will be very interesting to see how the charter market will react. At the moment, there is some ground for optimism, and we hope that the coming year will provide a boost to World Trade and consequently positive fundamentals will arise for the shipping industry.
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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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Planning Commission, India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
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