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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, 18 December 15
CHINA GROWTH SHOCK TO HIT ENERGY, SHIPPING, STEEL MOST - FITCH
Energy, shipping and steel would be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch R ...
Friday, 18 December 15
WEEKLY U.S. COAL PRODUCTION REMAINS FLAT ACROSS ALL BASINS
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 17 December 15
THE LOW DEMAND AND EXCESS COAL OUTPUT, KEEP THE FOB INDONESIA COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swap for delivery Q1 2016 rose month on month and decline slightly week over week. For the week ended December 11, 20 ...
Thursday, 17 December 15
GLADSTONE PORT COAL RECORD LOOMING, EXPORTS UP 12% - GLADSTONE OBSERVER
COAL exports from Gladstone's port have taken a leap, with more than seven million tonnes leaving the wharves in November.
That increase i ...
Wednesday, 16 December 15
FOB RICHARDS BAY COAL SWAP SLUMP 5.5% FROM LAST MONTH
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
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- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
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- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
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- Central Electricity Authority - India
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- Planning Commission, India
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- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- MS Steel International - UAE
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- Tata Chemicals Ltd - India
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- PTC India Limited - India
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- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
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- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
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- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
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- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
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- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Parliament of New Zealand
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- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Australian Coal Association
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- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
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- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
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- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
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- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
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