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Wednesday, 30 December 15
FINAL DEALS OF THE YEAR TAKING PLACE, AS SHIP OWNERS PREPARE FOR 2016 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The Holidays’ investment lull has taken a grip over the newbuilding and S&P market for second hand vessels, as shipbrokers are reporting fewer deals. In its latest weekly report and final of the year, Allied Shipbroking noted that “with the Christmas festivities taking full hold of the market, things went completely silent, while both shipbuilders and perspective buyers postpone any new dealings for after the New Year”.
According to Allied, “2015 has turned out to be one of the most difficult years on record for the ship building industry, with an excessively low amount of new orders having gone through, while at the same time financial difficulties and strong levels of contract cancellations have taken a bite from the existing orderbook. The challenges that shipbuilders will face in the New Year will likely get worse, while it looks as though we are reaching close to crunch time, seeing which shipbuilders will be able to sustain and remain on top during these lean times and which will have to fold. The first half of 2016 will be one of the most crucial periods to see this unfold as the worsening conditions in the dry bulk freight market and consequently the drop in secondhand asset prices will determine to what extent shipbuilders will be able to maintain both their cash flow and orderbook at healthy levels”.
Meanwhile, on the S&P market, “on the dry bulk side, activity was a touch softer though there was still a good number of deals reported, especially in the panamax sector. Prices seen are still on the low end pointing to further softening from the levels that were being noted a month back. This is also the primary mover in providing buyers with appetite to pick up units despite the poor freight rate performance. While with further price drops now expected, interest will likely move more towards the more modern units which provide better asset play possibilities.
On the tanker side, with the Christmas holidays now only a breath away, activity quietened down considerably with only two vessels reported this week and those in the small tanker categories. It is likely that we won’t see too much action over the coming weeks, with both sellers and buyers easing off, as they show little appetite to make any hasty moves”, said Allied.
Finally, in the demolition market, “with many owners now looking to postpone any demo activity until after the New Year and at the same time shipbreakers having eased off their appetite, things have gone fairly quiet. This has always been a fairly quiet period in the year, however with the excess uncertainty and large market swings noted over the past year, it has given extra reason for most to avoid any hasty decisions especially now during the Christmas and New Year holidays which make operational procedures for delivery and payment of a demo sale that much more difficult. In terms of demo prices things seem to still be holding stable for now, but fear for the 2016, is that we will see things get considerably more difficult, especially as expectations are for a strong number of vessels being sent for scrap irrespective of the price level of scrap. The poor market conditions in the dry bulk market will be the main market dampener, while the limited amount of active end buyers with access to finance and LOCs is surely to keep things in the favor of those few buyers”, Allied Shipbroking concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 25 December 15
WEEKLY US COAL PRODUCTION ESTIMATES DIP 8.5%
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 14.7 million shor ...
Thursday, 24 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SHED US$ 0.60 PER TON OVER WEEK, AND STANDS AT US$ 43.25 PER TON
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap decline month over month and slightly up week over week.
The Q1’ 2016 FOB R ...
Thursday, 24 December 15
GLOBAL MARINE FUEL REGULATIONS COULD SHOCK REFINING AND OIL MARKETS - OPEC | HELLENIC SHIPPING NEWS
IMO regulations call for global standards for sulphur content in marine fuel to be tightened to 0.5% from its present 3.5%. There is uncertainty ov ...
Thursday, 24 December 15
DRY BULKERS' VALUES ARE PLUNGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk carriers’ values are falling across the board, as the fall of freight rates is taking its toll, as is to be expected. In fact, accor ...
Wednesday, 23 December 15
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
As we are heading towards the end of the year we could argue that most of those involved in the shipping industry share mixed feelings for 2015. Th ...
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- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
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