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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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Thursday, 03 December 15
PANAMAX BUSINESS REMAINED UNDER PRESSURE LAST WEEK
COALspot.com: Following the new record lows the Dry Bulk market witnessed the week prior, the BDI took a much needed breath during the past days.
...
Wednesday, 02 December 15
Q3' 16 FOB RICHARDS BAY COAL SWAP SLIGHTLY UP FOR THE THIRD STRAIGHT WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up month over month and fell week over week.
The Q1’ 2016 &nbs ...
Wednesday, 02 December 15
MARKET INSIGHT - VASSILIS LOGOTHETIS
Boom and bust cycles in commodity prices are not something rare, yet they have important implications both for the world economy in general and for ...
Tuesday, 01 December 15
FOB NEWCASTLE COAL SWAP UP THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $3.75 per ton (9.26%) month over month to US$ 36.75 per ton. The swap ...
Tuesday, 01 December 15
TANKERS VERSUS BULKERS - JUST PLAYING CATCH UP? - CLARKSONS
It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000 ...
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- Australian Coal Association
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
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