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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, 16 December 15
MARKET INSIGHT - KATERINA RESTIS
On Friday 4th of December the meeting of OPEC was held in Vienna, Austria. Since its last meeting, oil and product stock levels have continued to r ...
Tuesday, 15 December 15
THE GOVERNMENT DECLARED THERMAL COAL BENCHMARK PRICE CRASHING ONCE AGAIN
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price down to below 2009 level. HBA has slumped by 1.69% mo ...
Tuesday, 15 December 15
API 5 FOB NEWCASTLE COAL SWAP FIRM W-W; WEAK M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $.13 per ton (0.35%) month over month to US$ 37.07 per ton. The swap w ...
Monday, 14 December 15
5000 GAR CS (I) COAL INDEX DECLINE US$ 0.04 PER TON W-O-W
COALspot.com: The 5000 GAR CS (i) coal index decline US$ 0.04 per ton (-0.10 %) week over week.
According to the CS (i) coal (system generated ...
Monday, 14 December 15
CFR SOUTH CHINA COAL SWAP IS STILL SLIDING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 0.93(2.18%) per ton month over month.
A commodity swap ...
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- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- The University of Queensland
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
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