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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, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle ...
Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...
Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive
Although one of the top 10 solar module producers in the world, India ...
Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
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- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
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