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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, shipbroker Allied Shipbroking noted that “with the shortage of new orders continuing and another week of less then a handful of new tonnage reported to be ordered, prices have finally started to take a notable hit. What is more noteworthy, is that the recent drops in prices quoted by shipbuilders come at a point when commodity prices have started to show signs of picking up, although only slightly and with minimal evidence of sustaining an upward trajectory over the coming months. The drought in newbuilding orders has been long and continues to squeeze shipbuilders more and more, while the drop in price is part of an extensive effort to jump start the market, in order to be able to support these prices shipbuilders have to continually squeeze out every unnecessary cost while improving their efficiency and productivity to the max. It is somewhat doubtful that these price drops will be enough to generate sufficient interest from the side of buyers, as the squeeze in earnings in the dry bulk and containership sectors leaves few interest buyers there, while the oil tanker and gas carrier sectors are plagued with uncertainty”.
Meanwhile, in a separate newbuilding report, Clarkson Platou Hellas noted that “in tankers, HHI have received an order from Arab Maritime Petroleum Transport Co. (AMPTC) for two firm 158,000 DWT coated Suezmax for delivery within end 2017 from the yard’s Samho facility. These will be the 3rd and 4th vessels in the series, following the original order in January 2015. Yeunsoo Heavy Industry (Korea) is reported to have signed contracts with Woolim Shipping for three firm 6,600 DWT IMO-2 Chemical Tankers. The trio are set to deliver throughout 2017 and 2018. In other sectors, Uljanik have announced signing contracts for two firm 5,500 lm ROROs with CLdN Cobelfret N.V. The firm units are due for delivery within 2018 – with the buyer understood to hold options for further vessels. Crystal Cruises have announced an order at Lloyd Werft for one 25,000 GT Cruise Ship, the ‘Crystal Endeavor’. Set for delivery in August 2018, the Ice class PC6 vessel will have capacity to carry 200 passengers and be fitted with dynamic positioning technology”.
In the S&P market, Allied Shipbroking said that “on the dry bulk side, good level of activity with slight softening still noted on the more modern units, something that is likely to
continue for the time being as the drop in newbuilding prices will surely have and underlining effect here too. On the other end of the spectrum we have noted a slight improvement in price levels in the older aged tonnage as the increase in scrap steel prices has in turn meant an increase in the residual value of these assets, something that gives a higher residual value and prompts for an excess of this when the sale is made on further trading basis. On the tanker side, it was a relatively quiet week with lacking buyer interest causing a shortage of concluded deals, while seller’s price ideas are still considered too high given the forward sentiment of the freight market. The only segments which are a slight exception to the rule are Aframaxes and LRs which have been holding fairly hot”.
Finally, in the demolition market, Allied said that it was “another week of increases, with the increases noted in the commodities markets surely playing their part, while the improved confidence was also met by a stronger resistance by shipowners to take up the lower prices that were being offered one week back. As such the rise was quick and by early Friday offers were circulating with a more then US$ 10/ldt increase compared to what was seen one week prior. For the moment it looks as though these levels will be able to hold and the positive momentum could continue for a little while longer, though hesitance from the end buyers side has started to show face, with many possibly fearing of offering too high too soon and overshooting what the market can sustain for the time being. It looks as though the hard taught lessons of last summer are still in the memory of most and no one is willing to undergo a repeat of the past”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 04 July 16
BDI ROSE ON STRONGER DEMAND ACROSS ALL VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 11.16 percent from la ...
Friday, 01 July 16
BREXIT SET TO HURT SHIPPING IN THE LONG-TERM AS IT WILL TAKE ITS TOLL IN THE GLOBAL ECONOMY'S GROWTH - HELLENIC SHIPPING
Setting aside the short-term negative impact of the Brexit, in terms of stock market and currency volatility, it’s more than evident that the ...
Friday, 01 July 16
U.S'S COAL EXPORTS HAVE DECLINED FOR TWELVE QUARTERS IN A ROW - EIA
COALspot.com – U.S, world’s one of the largest coal producers has produced approximately totalled an estimated 13.7 million short t ...
Thursday, 30 June 16
CAPE - THIS WEEK'S FREIGHT AND ACTIVITY LEVEL HAVE KEPT STABLE - FEARNLEYS
Cape
This week’s freight and activity level have kept stable. It is support at the present levels and despite a volatile market the freight ...
Thursday, 30 June 16
OIL PRODUCT TANKERS EARNINGS DECLINE AS STOCKBUILDING SLOWS DOWN - BIMCO
BIMCO’s expectations remain as the oil product tanker fleet continues to grow with earnings at the lowest since Q3 in 2014. But there is stil ...
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- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- The University of Queensland
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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