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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
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Australian Coal Association
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Videocon Industries ltd - India
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