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Wednesday, 24 February 21
MARKET INSIGHT - INTERMODAL
 With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantly affected the dry bulk industry compared to other industries. Castor Maritime stars in stock performance, with Seanergy Maritime, which operates in the Capesize sector, and Navios Maritime which follows in the ranking of high returns.
The gradual recovery of the global economy has triggered an increase in loads of raw materials such as coal and iron ore, as industries have "lit" the "engines" again. For example, steel production (for which iron ore is an essential component) in Asia has increased by 6% in December 2020, reaching 118.6 million tonnes. In China, which is the largest producer in the world, growth in December 2020 was even higher, rising to 7.7%, or 91.2 million tonnes.
As per the world's largest shipowner union (BIMCO), the Capesize cargo ship market is recorded as a "rally" of fares. In the first 20 days of January 2021, 1,427 Capesize business trips were recorded, an increase of 10.4% over the corresponding period last year. According to BIMCO's analysis, among the factors that have contributed to increased transport demand through Capesize tonnage is the increase in electricity production in China, which is mainly fuelled through the use of coal. As a case, coal imports, which are normally carried out by cargo ships such as Capesize units, have increased. The increased demand for electricity is due to the wave of bad weather that has hit the Far East in recent weeks.
Moreover, the International Monetary Fund forecast is pointing to a higher recovery in the global economy in 2021, compared to last October. In particular, IMF estimates that the world economy will grow this year at a rate of 5.5% compared to the 5.2% that it was estimated back in October, while for 2022 it kept unchanged its forecast for growth of 4.2%. In contrast to the global economy, for the eurozone economy, the IMF forecasts a lower growth rate in 2021, namely 4.2% compared to the 5.2% forecast in October, while for 2022 it forecasts growth of 3.6% versus 3.1%, respectively. The forecast for recovery in the United States this year has been revised upward by two percentage points – to 5.1% from 3.1% in October – reflecting a strong momentum in the second half of 2020 and an additional support from the December 2020 fiscal package.
The International Monetary Fund foresees differences in the recovery path of developed economies. More specifically, both the United States and the Japanese economies expected to recover in the second half of 2021 and reach the level of GDP they had at the end of 2019 (before the coronavirus crisis). On the other hand, Eurozone and British growth domestic product is expected to remain lower in 2022 when compared to the levels at the end of 2019.
By Zisis Stylianos,
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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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- Australian Coal Association
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- MS Steel International - UAE
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Planning Commission, India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
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