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Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards around the world, something which has been reflected in the S. Korean yards’ financial results of late. In its latest weekly report, shipbroker Allied Shipbroking noted that “a new order here, a new order there and an ever shrinking order-book leaves the newbuilding market shrinking every week. It is no surprise therefore that we continue to see ever more shipbuilders being flown publicly into financial difficulties with many unable to support the finances and trying to strike deals with their respective financiers while others look onto finding new supporters for their troubled businesses”.
According to Allied, “once more, as in the past, it will be government support which will dictate the course of this industry, with overzealous governments throwing large amounts of cash in order to support the large labor forces utilized by this industry. Seeing another week of few in number reported orders and you can see how difficult the situation has become. At the same time, looking at recent trends in prices (or a lack thereof) and you can tell that we have hit a bottom from which its hard to move below this at the current moment de-spite the squeeze being put on by potential buyers. Putting all this together and way may well find a number of shipbuilders by the end of 2016 and mid 2017 with a zero orderbook (at least from commercial shipping)”.
Meanwhile in the S&P market, Allied noted that “on the dry bulk side, with another round of reported deals indicating further price drops and rumors circulating of even lower price levels negotiated for vessels marketed in the market, it looks as though we are set for another strong drop in values over the course of the next couple of weeks. At the same time many are still measuring their options in terms of laying up their vessels or cutting their losses while they still can (financially), meaning that there could still be a considerable amount of downward pressure on prices still hidden and waiting to be unleashed. On the tanker side, the recent shake up in confidence as to the freight market prospects has cost dearly in the secondhand market, with some sellers believe that now is the time to cash in on their assets while buyers have become less optimistic and are holding back price mark ups in reflection to this”, Allied said.
Finally, in the demolition market, Allied noted that “further price squeeze is put on every day by the vast number of demo candidates circulating the market, while demo buyers are still in the “beneficial” position of picking out the best candidates they can find. Despite this and what the price trends are showing, things in the market have started to improve with more and more end buy-ers managing to re-enter the market after a long period of being ab-sent after the developments noted in the market during the summer. This may well act as a slight boost, though it is doubtful how strong their appetite and ability to speculate right now may be, as such keeping a cap on their ability to “price up” the market rates given. It seems as though further discounts can be expected over the coming days, though given the recent trends the drop in price levels will re-main gradual for the time being rather then a sudden drop like the one noted in June of 2015. Further to this the Indian market now looks to be lagging behind the rest of the Indian Sub-Continent, with the Indian budget due towards the end of the month, causing a more selective buying appetite from buyers there”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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Showing 2421 to 2425 news of total 6871 |
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- The Treasury - Australian Government
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
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