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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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Monday, 21 August 17
INDIA'S COAL IMPORTS DECLINE TO 192 MT IN FY17 - PTI
Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a r ...
Monday, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
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Showing 1966 to 1970 news of total 6871 |
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- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
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