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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, 15 January 16
FOB INDONESIA COAL SWAPS FIRM SLIGHTLY LAST WEEK
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month over month and week over week.
According to AsiaClear OTC coal swap's r ...
Friday, 15 January 16
SHIPPING: 2016 STARTED WITH MISERY ACROSS THE BOARD FOR SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As one would have expected, the dry bulk market starter the new year where it left off in 2015, plunging to never seen before depths, as the market ...
Friday, 15 January 16
U.S. WEEKLY COAL PRODUCTION ROSE ACROSS ALL BASINS: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 14 January 16
FOB RICHARDS BAY COAL SWAP FOR Q3 DELIVERY CLOSED $5.90 LOWER THAN Q1 PRICE
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and week over week.
The Q1’ 2016 FOB Richards Bay Coal ...
Wednesday, 13 January 16
U.S. COAL PRODUCTION DECLINED BY 109 MMST IN 2015; COAL EXPORTS DECREASED 21% Y-O-Y
COALspot.com: U.S. coal production declined by 109 million short tons (MMst) (11%) in 2015, the largest decline ever recorded, says EIA.
The 2 ...
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- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
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