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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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Friday, 19 February 16
INDONESIAN HBA HITS A NEW LOWS BELOW $51 A TON AS OVERSUPPLY, LOW DEMAND WOES PERSIST
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016. HBA has slumped second time t ...
Friday, 19 February 16
U.S. WEEKLY COAL PRODUCTION ROSE 2.6% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.2 million shor ...
Thursday, 18 February 16
INDIA NEEDS INTERNATIONAL SUPPORT ON HIGH EFFICIENCY COAL - WORLD COAL ASSOCIATION
Speaking at a conference in New Delhi today, World Coal Association Chief Executive Benjamin Sporton said the critical role of coal in driving econ ...
Thursday, 18 February 16
CHINA COAL SECTOR - 2015 RESULTS BLEAK, 2016 UNLIKELY TO BE ANY BETTER - FITCH
COALspot.com: China Coal Sector’s Financial Woes to Worsen in 2016.
Fitch Ratings says that the 2015 full-year result previews issued by ...
Thursday, 18 February 16
PANAMAX RATES OUT OF ECSA WERE STILL GAINING A PREMIUM OVER THE REST OF THE MARKET - INTERMODAL
The BDI moved further down last week, fact that hardly took anyone by surprise as the lunar year holidays in Asia on top of the already depre ...
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- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
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