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Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most important issue plaguing freight markets, the shipping industry is looking at yet another challenging year ahead, as 2013 is edging closer and closer. According to most market analysts, a potential recovery has to be postponed until at least 2014, but things could get even worse in the meantime, as a result of potentially further troubles in Europe.
According to Intermodal's latest analysis report, "the hit this time will be taken by the already crippled ship finance sector, with the upcoming banking reform possibly further limiting available credit lines to owners. Yet, the above will prove to be only a mere drop in the vast ocean of the future obstacles the shipping industry has to overcome. The worst possible effects of this banking reform will be with regards to trade rather than shipping investment itself. With shipping being a derived demand, this is something beyond the control of the industry’s players" said the report.
Intermodal's George Lazaridis said in the note that "what is in the industry players' control, is the performance of supply and how well it is organised to meet global requirements and that’s where the main focus should remain. As we stand now, it will be supply that will dictate the duration and extent of the damage caused to the industry. Owners have already taken steps to limit the fleet growth rate as much as they can. The noticeable delays and cancellations of newbuildings that have taken place this year have helped put a cap on the fleet growth rate. At the same time, thanks to a significant slowdown in new orders being placed, the orderbook has decreased dramatically. The final piece to the puzzle, though by no means of smaller importance, has been the record scrapping volumes witnessed this year" he said.
Lazaridis added that "with demand playing the most important role in giving a decisive direction to the market, it looks as though it may be heading for a drop, despite all these above measures taken. What’s important is to know by how much; If the stormy weather that is approaching is of “hurricane force”, we may find ourselves forming bridges of laid-up vessels. If on the other hand, we take the most optimistic case, it may well be that we will still have a number of troubled owners, witnessing their cash flows “run aground”. In any case this will leave distressed assets ripe for the picking for all those shipping funds that have amassed over the past years" he noted.
He concluded his argument by noting that "this may well seem like a repeat of the 80’s crisis, as mentioned countless times in conferences, articles and polite conversations, however it has more of the taste and feel of the 1930’s, which was a combined battle between a fleet oversupply that had amassed from the optimism of the roaring 20’s (70mill GT) and a recessive global economy brought about by an unprecedented financial collapse. Although this is in reference to a time that few, if any, are around to be able to give us a first account, nevertheless, it is notable to point out that at that time it took a major war to restructure the market and level things off between supply and demand. As it is highly unlikely and greatly undesirable for history to repeat itself, we will have to come to terms with the fact that market restructuring will have to come from within this time around. It will take a lot more sacrifices and restraints in order to bring a balance, as well as profitability once again to sectors such as dry bulkers and tankers" Intermodal's analyst concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
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- Riau Bara Harum - Indonesia
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- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
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- Mercuria Energy - Indonesia
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- Carbofer General Trading SA - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
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- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Ministry of Finance - Indonesia
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- SMC Global Power, Philippines
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- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
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- Savvy Resources Ltd - HongKong
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- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
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- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
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- Planning Commission, India
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- Tamil Nadu electricity Board
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- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
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- South Luzon Thermal Energy Corporation
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- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- The University of Queensland
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
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- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
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- Australian Coal Association
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- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
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- CNBM International Corporation - China
- Heidelberg Cement - Germany
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- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
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- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
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- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
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- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- The Treasury - Australian Government
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- Energy Link Ltd, New Zealand
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- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
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- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
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- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
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- Kumho Petrochemical, South Korea
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- AsiaOL BioFuels Corp., Philippines
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- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
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