We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to shipbrokers. While the tanker market is no stranger to the concept of a 2 Tier market, where some segments are performing much better than others, dry bulk and container trades weren't used to such diversification. This is about to change according to a recent Intermodal report, which suggest that in the container side, the new, wider, slower and more efficient vessels will soon be in the water with owners expecting to see the premiums rolling in, as promised/speculated by charterers.
According to Intermodal's Timos Papadimitriou, "on the dry side, this idea has been incubating since last year and now Cargill is stepping up and endorsing the more efficient vessels. It is only logical to expect more charters will follow and become pickier. And why not? Fuel is not getting any cheaper and there is an abundance of vessels. But does that justify more orders? Will the improvement in a few mts of bunkers be translated into a premium on the hires? he asks.
Furthering his argument, Papadimitriou notes that "in containers, the new vessels burn less fuel and are significantly slower, producing huge savings and yes that will result to a premium. But in the bulk side how much slower can a vessel sail. From 14,5kn to 13kn? 12kn? 11kn? Eco ships do burn less on paper but still nowhere near the percentage saving performance of their container counterparts. So will the dry cargo charterers pay a premium? It’s doubtful. Charterers have always been looking for effective and efficient ships, no big news there. However, with so many ships falling in the water and so many yet to come they are standing in front of an “all you can eat” buffet ready to pick and choose what suits them best" he said.
Moving on to the market movements in terms of new investment, the shipbroker's report mentioned that in the sale and purchasing business for used vessels, "last month we saw a number of 5 to 7 year old Panamax, Kamsarmax and Supras surfacing in the market and being welcomed by a lot of curious parties but a world apart from the sellers’ price ideas.
Germany continues its steady supply of containers vessels on sizes below 3000 TEU, with most sales candidates having the blessing from the banks. It’s interesting to see if the older than 1998 built vessels will find a new home or head to the beaches. Last but not least, in the tankers we saw mid 90’s VLs and MRs ruling the second hand stage" the report said.
On the new building front, Intermodal added that "those who can, won’t order (thank God), mostly strictly out of principle of not putting more vessels into the already swamped traditional size segments, and those who want to order can’t (thanks to the banks). Yet still there are owners thinking and looking outside of the boundaries at sizes not yet fully exploited, like that of the dry bulk Ultramax or in forgotten segments of the tanker market, like the under ordered LR1 and LR2 sizes. In containers, the falling NB prices in combination with the global economic sentiment is giving a reminder that in the game of economies of scale, size “Does” matter, making the phrase “bigger is better” the main sales pitch".
Concluding its argument, the shipbroker wondered as to what should one do in times of uncertainty and speculation. "Wait for really modern ships to come up for sale and purchase them in levels that reflect the hire market and the market outlook in general, or invest in new sizes and under ordered segments and thrive in uncharted waters? I am sure that a shipowner will find a third and fourth alternative" it concluded ratherr playfully.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
|
|
|
Showing 1 to 5 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- White Energy Company Limited
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
|
| |
| |
|
1 