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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.
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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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Saturday, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
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- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- ASAPP Information Group - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
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