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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, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
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Showing 2541 to 2545 news of total 6871 |
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- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- The University of Queensland
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- The Treasury - Australian Government
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
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