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.
|
|
Tuesday, 14 June 16
CS COAL INDICES ROSE UP FOR A THIRD STRAIGHT WEEK; 4200 GAR COAL UP 0.73%
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up 0.54 percent week over week to averaging $39.37 per ton this past week, shows ...
Monday, 13 June 16
DEMAND FOR DRY BULK COMMODITIES COULD PROVIDE FUTURE BOOST FOR SHIP OWNERS - HELLENIC SHIPPING NEWS
When it comes to the dry bulk market, shipowners these days are looking for news in any shape or form they can find them. However, as the discussio ...
Monday, 13 June 16
ONSHORE SHALE: WORTH KEEPING IN THE SHIPPING SPOTLIGHT CLARKSONS
Generally, shipping industry watchers spend much of their time monitoring events out to sea: how fleets are evolving, trade volumes growing and fre ...
Monday, 13 June 16
PORT OF NEWCASTLE SHIPPED 5.03% MORE COAL IN MAY; AVERAGE SELLING PRICE DECLINED 2.08% FROM APRIL
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.162bill ...
Monday, 13 June 16
BALTIC INDEX FLAT, INDEX FOR CAPE RISE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities flat this past week. The freight market was almost same l ...
|
|
|
Showing 2396 to 2400 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Bhatia International Limited - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
|
| |
| |
|
