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Tuesday, 14 March 17
ORDERBOOK-TO-FEET RATIO DECREASING; THE FREIGHT MARKET IMPROVING
 It seems as though the renewed optimism that has arisen from the recent upward trends being noted in the freight market, the dry bulk market has been set alight, said Allied Shipping in its latest weekly report.
According to George Lazaridis Head of Market Research & Asset Valuations of Allied, there has been a growing bullish vibe being felt for several months now in this sector, generated by the successive decreases being seen in the orderbook-to-fleet ratio during the course of the past year and all indicators in the freight market pointing to an improved balance. He further noted that the order book to fleet ratio for the dry bulk segment as a whole has now dropped to 7.72%, the lowest figure we have seen in over two decades now. This plays an important role in dissipating concerns over the glut in tonnage supply that we have seen in the market, though this is only half the picture. During the course of 2016, many viewed the excessively low earnings being a directly caused by the excessive number of new buildings being delivered. Having witnessed both the drop in the order book and at the same time a considerable improvement in freight rates, one can easily make the presumption that the supply-demand balance in the market is improving and at a fairly good pace. During the course of 2017, freight rates have held at levels well above what we were seeing back in 2016 and even 2015, while the recent rally that boosted the Baltic Dry Index to above 1,000 points before the start of the grain season in the Atlantic, has only re-enforced the bullish views that have been held by many in this regard.
George Lazaridis further said, it is no surprise therefore that we have seen buyers quickly flocking back into the secondhand market with fears that they will “lose” the opportunities that are still present in the market. Despite the fact that prices have on average risen by around 50% since the low levels of March 2016, asset prices can still be considered to be fairly competitive compared to what we have seen historically since the late 90’s. As such and with earnings now providing the promise of better returns and positive cash flows for new purchases, you can see that there is excess possibility for further price gains to be noted over the coming months. What’s more is that during the time period where we faced some of the biggest difficulties in the freight market, newbuilding prices continued to hold at abnormally high levels compared to equivalent periods in the past. As such secondhand asset prices are at an even higher the normal discount against what it costs to construct a similar vessel. This leaves the conclusion that if earnings continue to stay at “good” levels it will be hard to see similarly low price levels in the future for similarly aged vessels.
All these conclusions are based on the assumption that we have reached a balance in the market and that demand will continue to grow at least at its current momentum, allowing for a continual improvement in the freight market, said George Lazaridis.
This is a fairly big if however, especially if you take a closer look at the volatility being noted in the commodity markets and the general uncertainty being played out in many of those economies that play a vital role in seaborne trade. Further shocks could derail this balance and bring another round of “pains”. Although this does need to be of concern, it seems that even if these negative scenarios play out their consequences to the market would be more minor and short-term then what similar events have caused in the recent past. As such one can’t blame those optimists out there and given the relatively lower risks that are in view, there are fair grounds to claim that opportunities are now much better than most that we have come by in the past 5 years.
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Friday, 08 September 17
MIXED SIGNALS ON REFINERY PREPARATIONS FOR 2020 FUEL CHANGES - IBIA
A recent consultancy survey has suggested that some 85% of refiners have not made plans for how to deal with the expected dramatic fall in g ...
Thursday, 07 September 17
CAPESIZE: EARNINGS FOR THE BIG SHIPS KEEP UP NICELY AS DIPS ARE MODERATE AND SHORT-LIVED - FEARNLEYS
Supramax
Fewer activities in the Atlantic in start of the week with the US holidays. Owners were asking around low USD 20k for trip ex USG to Far ...
Thursday, 07 September 17
TALK OF CONSTRAINTS ON CHINESE COAL OUTPUT PUSHED PRICES HIGHER - DANIEL HYNES
Commodity markets were largely higher as a weaker USD boosted investor appetite.
According to Daniel Hynes, Senior Commodity Strategist at ANZ ...
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover ...
Wednesday, 06 September 17
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
The impact of Hurricane Harvey, which made landfall on 25th of August in South East coastline of Texas area has been the major concern of the shipp ...
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Showing 1951 to 1955 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- The University of Queensland
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
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