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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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Monday, 04 January 21
BLISS FOR SHIPOWNERS! DAMAGES MAY BE CLAIMED IN ADDITION TO DEMURRAGE FOR VOYAGE CHARTERPARTY DELAY - WFW
KNOWLEDGE TO ELEVATE
In a significant decision for the maritime sector, The Eternal Bliss[1], the English Commercial Court has resol ...
Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by ...
Wednesday, 30 December 20
A LOOK BACK INTO 2020: THE HEADWINDS, THE TAILWINDS AND EVERYTHING IN BETWEEN - SIGNAL
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport. T ...
Tuesday, 29 December 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.66 PCT - XINHUA
China Taiyuan coal transaction price index stood at 134.78 points Monday, up 0.66 percent week on week.
The index, released by China ...
Tuesday, 29 December 20
CORROSION-RESISTANT STEELS FOR CARGO OIL TANKS - DNV GL
KNOWLEDGE TO ELEVATE
Crude oil is a complex mixture of substances at varying ratios and in most cases contains at least some salt water. ...
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- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- PTC India Limited - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
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