We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
 The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong market, very few anticipated the levels we have seen to date. While both supply and demand forces have acted favorably, the rebound of dry bulk freight rates to multi year highs was primarily demand led. A synchronized record high economic stimulus across the globe, led by China, in order to prop up the economies from the COVID-19 shock was the major catalyst.
The multiplier effect in dry bulk commodities demand came in V shape and materialized into a counter seasonal freight surge to multiyear highs throughout the 1H2021. Furthermore, quarantines related to COVID-19 and elevated congestion have led to fleet inefficiencies across basins, which along with a decelerating dry bulk fleet growth have helped to further tighten the demand supply balance. On the new building front, ordering has been moderate – similar levels with 2020 – steel price surging and solid demand has led Builders to increase their prices, which refrained owners from turning to new buildings.
The global container shipping industry has also recorded a long-awaited increase in demand. An unprecedented shortage in containers amid surging demand for consumer goods since the pandemic started has sent container freight rates to record high levels. Also, port congestion and logistical disruptions exacerbated by the Suez Canal incident have contributed to the surge. With global GDP growth projections revised to 6.0% and savings rates still high, the multiplier effect on container rates should continue in the medium term. Demand will eventually normalize as consumers’ preferences shift back to services with the economies reopening, but freight rates are expected to remain elevated despite a potential gradual softening from record highs.
The turning point will be when high trade costs spill over to prices of final goods and inflation starts hitting consumers’ income. For the time being, global manufacturing PMIs stand at multi-year highs and assuming that we have reached the mid-cycle in PMIs as many analysts have signaled, there will be a lag factor in demand reaction from surging trade costs. We do observe an increase in NB activity (see graph) with orderbook now close to 17% of the fleet, which is not expected to impact the market with accelerating fleet supply growth until later in 2023.
By Theodore Ntalakos,
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 25 October 21
A QUESTION OF POSSESSION - THE BALTIC EXCHANGE
Possession and tangibility are closely related concepts long established under English law. Yet a change to these concepts is around the corner. Th ...
Monday, 25 October 21
CHINA VOWS TO SEVERELY PUNISH MARKET VIOLATIONS AMID LOW COAL FUTURES PRICES - GLOBAL TIMES
Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China’s ...
Monday, 25 October 21
FARMERS MAY JOIN THE COAL COMMODITY MARKET TO REDUCE RISKS - GLOBAL TIMES
A recent trip to by the Global Times to East China’s Shandong Province to get a glimpse of China’s coal supply chain revealed a surpris ...
Monday, 25 October 21
CHINA COAL PRICES MARK WORST WEEK SINCE MAY ON GOVERNMENT INTERVENTION - REUTERS
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest interventio ...
Friday, 22 October 21
THE BIG PICTURE: ENERGY MARKETS - BREAK WAVE ADVISORS
The shipping markets have been pulled further into wild markets of coal and other energy sources. Given how nebulous this sector is, it’s alw ...
|
|
|
Showing 436 to 440 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
|
| |
| |
|
