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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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Thursday, 24 March 16
NEWBUILDINGS' PRICES HAVE STARTED TO COME DOWN - ALLIED | HELLENIC SHIPPING NEWS
Newbuildings’ prices have started to come down, as demand has remained subdued for quite some time now. In its latest weekly report, shipbrok ...
Wednesday, 23 March 16
THE PANAMA CANAL - WILL THE MELTING OF POLAR ICE CAPS CREATE RIVAL NAVIGATIONAL WATERWAYS THROUGH THE ARCTIC? - INTERMODAL
The Panama Canal, 102 years after its initial opening, is now about to have its expansion completed with a cost of USD5.25 Billion. It is a project ...
Tuesday, 22 March 16
FOUR NEW MARKET MEMBERS HAVE JOINED GLOBALCOAL
globalCOAL® announced yesterday that four new Market Members have joined its international trading community.
Ferrocadia DMCC is an intern ...
Monday, 21 March 16
INDONESIAN 4200 GAR COAL INDEX ROSE $0.12 OR, 0.44% WEEK OVER WEEK; INDEX CLOASED AT $27.19 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.21 percent week over week to averaging $38.90 per ton on this past Friday, ac ...
Monday, 21 March 16
THE BALTIC DRY INDEX ROSE SLIGHTLY WEEK OVER WEEK; BCI UP 11.93%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued rose this week helped by higher rates for Cape ...
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Showing 2511 to 2515 news of total 6871 |
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- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- VISA Power Limited - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
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