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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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Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provisi ...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
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- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
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