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Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
 While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even speculate that 2021 will be a better year, even if the bar is set too low given to “what went down” last year.
The reality is that positive signs especially for the dry bulk market were seen as early as last summer when the market was slowly showing signs of better days to come. It took some time for shipowners to assimilate the possibility that we are heading towards better days - and nobody can blame them for being sceptical - but the increase on second hand transactions is the most obvious vote of confidence.
If we make a comparison between the number of transactions that materialized during the second half of 2019 and 2020, it is clear that despite the market challenges and uncertainty, investors' confidence remained strong during 2H2020 with second hand deals being up by 18% compared to last year transactions with the most notable acceleration taking place during December.
Of course, this is not the first time that the dry bulk transactions have experienced increased activity. What makes this period different compared to the previous time in my opinion is that it's not only sentiment driven.
Dry Bulk commodity prices have recently experienced an inflection to multi-year highs, amid increased demand after the market got used to a COVID-19 reality. The weather played its part with record low temperatures which favoured coal demand but also created congestion at discharging ports, on top of China’s coal import restrictions from Australia.
Adding to this mix the fact that we expect fleet growth to remain subdued in the next 2 years, it does not take much for the demand - supply balance to improve.
So now we have a perfect storm and this time the storm is working for the market’s favor. It has been a while since the last time this has happened.
It's normal to expect that eventually new building contracting activity will increase but this will only start taking place once second hand values reach levels that are not sustainable. For now, second hand vessels make sense, and let's hope that owners will not rush to NBs as they have done in the past.
Not leaving sentiment out of the equation, we could also speculate that the positive effect expected by the Regional Comprehensive Economic Partnership which is expected to largely influence the container market will rub off to the dry market as well.
Overall, things are looking up and if the order book stays in check the market will do more than just ok in the years to come.
By Timos Papadimitriou,
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.
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Wednesday, 27 January 21
MARKET INSIGHT - INTERMODAL
As we have entered the era off renewable energies, all industries globally give max effort to minimize their carbon footprint and consequently thei ...
Monday, 25 January 21
ULTRAMAX YET ANOTHER POSITIVE WEEK FOR THE SECTOR, WHICH SAW INCREASED DEMAND ACROSS ALL BASINS - BALTIC BRIEFING
Capesize
The Capesize market rocked and rolled these past few days. But by weeks end little had changed on the Capesize 5TC as it settled down ...
Monday, 25 January 21
NEW LAW IN CALIFORNIA, USA, AFFECTING SHIPOWNERS' LIABILITY FOR OIL POLLUTION - BIMCO
Members are advised that amendments to the so-called Lempert-Keene-Seastrand Oil Spill Prevention and Response Act of 1990 in the State of Californ ...
Monday, 25 January 21
COAL INDIA SAYS GEARED UP TO MEET SURGE IN FUEL DEMAND FROM POWER SECTOR - PTI
State-owned Coal India Ltd on Saturday said that it is well geared to meet any surge in demand for coal from the power sector.
The s ...
Sunday, 24 January 21
GOVT ASSURES COAL INDIA OF 'FULL SUPPORT', STRESSES ON LEARNING 'NEW THINGS' - PTI
Coal Minister Pralhad Joshi assured Coal India of full government support, even as he said the PSU needs to learn “new things” for impr ...
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- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
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