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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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Thursday, 31 March 16
CAPE: ANOTHER UNEVENTFUL WEEK WITH FIXTURES CONCLUDED AT LAST DONE LEVELS - FEARNLEYS
Cape
Another uneventful week with fixtures concluded at last done levels, CS levels remain around the USD 3 mark, whilst C3 is still just short o ...
Wednesday, 30 March 16
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE METHODOLOGY TO DETERMINE THE SELLING PRICE OF COAL TO MINE-MOUTH POWER PLANTS
COALspot.com: Ministry of Energy and Mineral Resources (ESDM) of Indonesia to review to revise methodology to determine the selling price of co ...
Wednesday, 30 March 16
VALEMAXES: THE BIGGEST NIGHTMARE OF TODAY'S DRY BULK MARKET - INTERMODAL
At a time that Europe is still dealing with the aftermath of the terrorist attacks in Brussels our society is daily bombarded with news of terroris ...
Tuesday, 29 March 16
BULK CARRIER VENTILATION - CAPTAIN PAUL R. WALTON
KNOWLEDGE TO ELEVATE
Moisture damage is a source of many cargo claims. Claimants allege that it is brought about by the ship’s failure t ...
Monday, 28 March 16
INDONESIAN WEEKLY CS50 COAL INDEX CLOSED SLIGHTLY FIRM; CS 57 INDEX CLOSED WEAK
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.03 percent week over week to averaging $38.91 per ton on this past Thursday, ...
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- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Economic Council, Georgia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Planning Commission, India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
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