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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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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
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- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
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