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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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Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...
Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...
Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE
In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...
Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
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- Posco Energy - South Korea
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Australian Coal Association
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
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