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Friday, 11 September 15
SHIPPING MARKETS SHOW MIXED EMOTIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has managed to show marginal improvements over the past few days, with the Capesize segment faring better than smaller dry bulk segments, like the Handy and Supra markets. Similarly, the market for Gas Carriers has quieted down after a very busy week. Meanwhile, in the newbuilding market, things may have picked up in the past couple of weeks, but still activity is deemed as rather low.
Commenting on the Capesize market, shipbroker Fearnleys noted that “after a positive start to the week with increased number of cargoes particularly in the east, rates were improving. West Australia to China was up from usd 5,00 to usd 5,50 in short time. However, with a lack of cargoes out of Brazil, the Pacific rates were again under pressure. Period activity has been more or less non existing”.
Meanwhile, in the Panamax market, Fearnleys noted that “so far a relatively quiet week for Panamax with rates coming off in the Atlantic basin. Few fresh requirements and more open tonnage pushing rates down. Alantic rounds pending around USD 6000 midweek and the trend still weakening. ECSA and also USG grain has been the main driver in the fronthaul market and USG paying high 12000 + 270/280 bb this week. Some iore also done lately but same has unfortunately not had any visible impact on the rates. The eastern hemisphere also weakening with less orders activity and falling rates. Indo india coal paying typically 7k, Nopac maybe tic more. Limited period activity, weak paper forecast and expectations it will remain low keep the players off the field”.
In the Handy segment, Fearnleys added that “the handy and supra markets have been sliding the last couple of weeks. We still see the same tendency, but the market seems more positional this week. Out of the USG we see more cargoes coming up for 2nd half September / beg October. This could again lead to a pressure on rates going forward. ECSA is still active with 12k being done for trips to Med. In the Eastern hemisphere we see the same tendency and more orders coming out for NoPac delivery. Short Indo rounds are concluded in region of USD 5k while longer durations destined for India are fixing with an 8 in front. Period market is still present with shorter periods being concluded in region of 7,5k bss Spore delivery”, the shipbroker noted.
Meanwhile, in the Gas tanker segment, Fearnleys said that “after a busy week in the VLGC market last week, things quieted down somewhat this week. Although much so due to industry functions and events taking market players away from their desks, it has also been a matter of the usual wait for acceptances (both for this week and the next). The somewhat limited number of September loaders available in the Middle-East market prior the start of the week, has been further reduced this week with help from India. Two ships has been placed on subs, and another two cargoes are being worked in time of writing. In the Western market, a West Africa FOB has attracted a few traders attention, and one ship has been put on subs here too pending award. The Baltic reference freight route from AG to Japan has been moving sideways with only an increase of about one dollar W-o-W. The biggest headline this week in terms of newbuilding, is the confirmed order of two Panamax 78’s for delivery in 2017 against 10-year time charters to Phillips66″, the shipbroker concluded.
In the newbuilding market, shipbroker Intermodal noted that “despite the recent pick-up in ordering activity that took place in a traditionally quiet time for the market, the newbuilding industry is still going through difficult times, while expectations that sooner rather than later tanker orders should also slow down are growing. In both China and S. Korea a series of shipyards continue to face severe financial problems and while in most cases extensive restructuring plans are trying to tackle operating losses that skyrocketed this year, optimism is admittedly limited, with the recent cut in all of Hyundai, Samsung and Daewoo’s credit ratings, confirming this adverse reality for the S. Korean yards. In terms of newbuilding orders coming to light last week, Nippon Steel & Sumitomo Metal Corporation’s massive order for 9 firm VLOCs was definitely the most notable one, while the fact that all units ordered by the Japanese firm were done so on the back of long T/Cs, makes the size of the order easy to digest, as it has been long since similar dry bulk orders were being inked with no scheduled employment. In terms of recently reported deals Greek owner, Eletson Gas has placed an order for two firm LPG carriers (38,000cbm) and one firm ethylene carrier (12,000cbm) at Hyundai Mipo, in S. Korea, for $51.0m and $38.0m respectively and delivery set in 2017″, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 17 September 15
LOW DEMAND PUSH COAL SWAP DOWN
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and gain week over week.
The 4Q swap declined $ 1.77 (-4.17%) ...
Thursday, 17 September 15
MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
Having experienced, as it was much anticipated, a poor 1st half combined with negative forecasts, summer, in sharp contrast, proved to be more hope ...
Wednesday, 16 September 15
SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES LED A DECLINE IN INDONESIAN COAL PRODUCTION
COALspot.com: Slower growth in world coal demand particularly China and lower international coal prices have led to a decline in Indonesian coal pr ...
Wednesday, 16 September 15
HIGHER TAXES COULD LEAD GREEK SHIP OWNERS OUT OF THE COUNTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
A potential taxation overhaul of the shipping industry in Hellas, which could see the loss of particular tax benefits for ship owners, could lead t ...
Tuesday, 15 September 15
WORLD SEABORNE TRADE: ENTERING INTO A ROLE REVERSAL? - CLARKSONS
Over the past decade, world seaborne trade growth has been dominated by dry bulk and container trade. However, developments in the global economy t ...
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- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
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