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Thursday, 07 January 16
SHIPPING WILL REMAIN VOLATILE AND INDISPENSABLE IN 2016 - MOORE STEPHENS
 The ultimate definition of an optimist has been characterised as an accordion player with an answerphone. Such extreme optimism might be difficult to find in shipping today, but the portents for 2016 are not all bad.
The Baltic Dry Index, a measure of shipping rates for everything from pins to elephants, dropped to an all-time low in December last year, and has fallen still further this month. Most people blamed this on China for not consuming as much of anything as it did previously. Nevertheless, the dry bulk sector will probably have to reduce the newbuilding orderbook and increase ship recycling in 2016 in order to restore the balance.
The same is true of the container ship sector, where reducing capacity is seen as the best way to drive up rates. CMA CGM’s move to buy NOL, meanwhile, although subject to regulatory approval, is an indication of further consolidation. It would be no surprise to see more still in 2016.
By comparison, the tanker markets enjoyed a stronger year in 2015, not least because of falling oil prices. In contrast, this has presented major challenges in the offshore maritime space. Some experts are predicting a slide to $20 a barrel in 2016, which may be just as well since a recent decision of the English High Court left a shipowner claiming that it had been asked to pay twice for the same fuel from bankrupt OW Bunkers. In 2016, owners will be monitoring a possible appeal against this decision to the Supreme Court, while keeping an eye on disputes elsewhere.
Shipping will remain volatile and uncertain throughout 2016. Operating costs will go up, as will the cost of regulation – for example, implementation of the Ballast Water Management Convention. The threat from cyber security will rise. Interest in refinancing, as a means of getting cash out of the business, is likely to increase, as are calls for accelerated ship recycling and a cap on newbuildings. The effect of geopolitical developments should not be under-estimated, while speculation about the UK’s planned Brexit referendum in 2017 will add spice to the pot.
Now is nevertheless a good time to invest if you have access to finance and a credible business plan, preferably one with the badge of green approval. It is no coincidence that IMO recently endorsed a proposal to adopt ‘Shipping: Indispensable to the World’ as the theme for World Maritime Day 2016. You don’t need to be an accordion player to take heart from that.
Source: Moore Stephens | Hellenic Shipping News
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Friday, 08 January 16
DRY BULK MARKET'S CRISIS DEEPENS AS RATES ARE DROPPING TO NEW RECORD LOWS BY THE DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Just when you would think that the dry bulk market is reaching its bottom, even as it has long surpassed all-time lows, each day that passes by at ...
Thursday, 07 January 16
FOB NEWCASTLE COAL SWAPS DELIVERY Q1'16 REMAIN FLAT W-O-W; UP M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $1.23 per ton (3.35%) this past week compared to the sam ...
Wednesday, 06 January 16
NEW COAL PRICE PASS-THROUGH REGULATION BENEFITS CHINA IPPS - FITCH RATINGS
Fitch Ratings says the new Coal Price Pass-through Mechanism announced by the National Development and Reform Commission (NDRC) on 31 December ...
Tuesday, 05 January 16
BIG COAL MINERS PLAN HIGHER PRODUCTION THIS YEAR - THE JAKARTA POST
The country’s major coal miners plan to further boost production in 2016 although analysts estimate that an oversupply in the world’s c ...
Tuesday, 05 January 16
THE SHIPPING MARKET IN 2015 AND LOOKING FORWARD - BIMCO
Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economi ...
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Showing 2621 to 2625 news of total 6871 |
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- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
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