We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 22 June 16
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
 Stagnation- With the BDI stuck in the low 600 points for almost a month now, if we had to choose a word to describe the state of the Dry Bulk freight market at the moment, stagnation is the one that pretty much sums it up.
It seems that at this point of time the dry bulk market has found some sort of balance around OPEX levels for all segments, but even in these cases where a small profit margin is achieved, this is usually too insignificant to allow owners to meet the additional obligations arising from the financing cost that burdens most vessels.
The question that naturally arises is what will be this decisive event that will create the momentum to help drag the market outs if this current stagnation and what sorts of levels can it push the market to.
Irrespective of where the market is, the last two quarters of the year are typically stronger due to the boost of trade volumes of a number of dry cargo commodities at this time of the year. This means that we could well see the index nearing 700 points before the end of the year. Saying that, last year comes as a reminder that history doesn't always repeat itself. While bold predictions were made for the end of 2015, the market not only didn’t move upwards but it actually marked historical , up to that point, lows in many cases, which brings us to the negative scenario for this year end.
The prolonged uncertainty caused by long-term stagnation with minimum profits even for vessels without any CAPEX, has been certainly affecting psychology. Even though there has certainly been an improvement when compared to the first quarter of the year, when lay-up talk had heated up, the fact that a ceiling seems to have been reached for now is definitely removing sentiment support to a degree.
The third scenario is for the index to keep moving around the same levels for an even longer period of time, with the opposing market forces cancelling each other out, allowing the BDI to achieve only minimal adjusting movements around current levels.
Depending on which scenario market players believe in most, a different view is being shaped in regards to second-hand market strategy. From the one side the most optimistic players, taking advantage of the very attractive prices that are still close to all-time historical lows, move aggressively, inspecting vessels and choosing their investments strategically. A very distinctive example of players who seem to trust the market’s dynamics, taking a position in favor of an upcoming improvement are names like these of Oldendorff, Laskaridis and Marmaras who have recently acquired larger tonnage vessels. The same tendency can be found in vessels of smaller tonnage as modern Handy’s attract firm interest from perspective buyers. On the other side, many owners choose the opposite strategy selling their vessels or making them available for sale.
It is indisputable that 2016 has so far proven to be a great window for shopping in all dry bulk sizes. The key question is how long this window will remain open for. Even if the BDI further advances during the upcoming months, it is hard to believe that asset values will increase to last year's levels anytime soon, which in turn probably offers additional time to prospective buyers to carefully monitor available market candidates and even adjust their buying strategy.
By Nassos Soulakis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 20 July 16
EDIBLE OIL MARKETS ACROSS THE GLOBE REMAIN UNDER PRESSURE - STELIOS KOLLINTZAS
The edible oil markets across the globe remain under pressure on the back of lackluster demand. Some of the main factors causing the low activity a ...
Tuesday, 19 July 16
INDONESIAN THERMAL COAL INDEXES CONTINUALLY FIRM UP ON ROBUST BUYING INTEREST - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose One percent week over week to averaging $40.38 per ton this past week, shows CS ...
Monday, 18 July 16
FROM PIT TO PORT: DRY BULK NEEDS A NEW PATH TO PROFITABILITY - TOC EUROPE
During the golden years for commodities, from 2005 to 2014, high demand and big profit margins pushed companies to produce more and more, sacrifici ...
Monday, 18 July 16
BALTIC DRY INDEX REMAIN FIRM, UP BY 5.97 WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to remain firm with all segments ending in posi ...
Friday, 15 July 16
US COAL PRODUCTION DOWN 8.4% WEEK-OVER-WEEK
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 12.9 million short tons (mms ...
|
|
|
Showing 2356 to 2360 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- CNBM International Corporation - China
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Deloitte Consulting - India
|
| |
| |
|
