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Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, if one invests today and the price falls even further tomorrow, he will have lost a great deal of money and that's something that no ship owner (or anyone for that matter) wishes. In its latest weekly report, shipbroker Intermodal attempted to solve the riddle, by taking into account the latest price trends, in terms of ship values.
According to Intermodal's, George Bassakos, "as per the latest data from the Baltic Exchange quote a 5yr old Capesize below USD 30m (USD 29.89m) – the lowest value since the index started in Sep-03. Same applies for Panamaxes/Supramaxes at USD 18.5m and USD 18.2m, whilst a further slide in asset values is expected. The majority of Shipowners, especially Greeks, sit on the sideline, foreseeing further drops in asset values within 2013, waiting for the right time to hit. There are others, fewer but mostly Greeks again, who consider the current asset-play attractive enough, heavily bidding on 10yr old hmaxes/supramaxes, pushing prices north, better say ... northeast" he said.
Intermoda's analyst went on to mention that "on the currency front, the Yen is finally dropping against the dollar, enabling Japanese Owners to see more reason when facing the current market and selling their ships, rather than marketing them simply to withdraw them later on once they see that Buyers are not there to face their aiming levels.
On the economic front, putting the freshly minted Hellenic-rescue plan aside, the OECD has just slashed its 2013 economic growth forecast; in its latest economic outlook, it expects growth of 1.4pct next year – down from 2.2pct in its previous forecast 6 months ago, with evident signs of a renewed slowdown or even a double-dip recession in some parts of the world" he noted.
Back to Shipping side of things, Bassakos said that "market estimates and forecasts for dry freight rates in 2013/14 are looking ever more disheartening. With Capesizes already showing a 19% drop in average earnings for 2012, Panamaxes 30%, Supramaxes 25% and Handysizes are down by 26%, basing any projections on these figures and without any “out of the blue” event that could potentially change the market fundamentals, 2013 is looking like it will turn out to be another difficult year for the dry bulk sector. According to forecasts, many expect dry bulk shipping demand to grow by less than 6pct in 2013, which is considerably lower than what was anticipated in the start of 2012. Global fleet supplyon the other hand and mentioned in our previous reports, is projected to fall from this year’s figure, which is estimated to be close to 11pct, down to less than 7pct next year, although this will heavily depend on the level of scrapping that will take place.
So, there you have it. The perfect global storm scenario for 2013, of Mr. Roubini - remind you of our commentary back in July, is moving full ahead, towards maturity. Mixing up the main ingredients - Eurozone crisis, double-dip recession in the US, hard landing in China, falling of BRICS' performance and conflict in the Middle East - may create further distress in the markets, unless there is any unforeseen sweet surprise set for shipowners" Bassakos concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
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- Deloitte Consulting - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
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