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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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- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Economic Council, Georgia
- MS Steel International - UAE
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
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