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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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Thursday, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014
COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia ( Arutmin) , are ...
Thursday, 29 November 12
PANAMAX : A FAIRLY STEADY MARKET WITH USD 8.5-9K/DAY FOR 2 LADEN LEGS IN ATLANTIC - FEARNLEYS
Handy
The Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to Far East were around USD 18k and Black Sea to Fa ...
Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1 ...
Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their fo ...
Tuesday, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
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