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Tuesday, 17 December 19
YEAR 2019: IT IS LOOKING SET THAT THIS YEAR WILL BE ONE OF THE SLOWEST IN TERMS OF DRY BULK NEWBUILDING ACTIVITY - ALLIED
 With just two weeks remaining before 2019 comes to an end, it is now looking set that this year will be one of the slowest in terms of dry bulk newbuilding activity. New ordering activity has been curtailed significantly (especially when compared with the two preceding years) and the worldwide orderbook has significantly deflated during the past 12 months, as a result of the excessive volatility that has dominated the freight market this year, Allied Shipping Research in its latest weekly report.
According to Yiannis Vamvakas, Research Analyst of Allied Shipping Research, beginning with the kingpin of the dry bulk sector, the Capes, has definitely had a remarkable year, with the first half of the year seeing rates hover for several weeks at levels as low as US$3,500 per day, while during the final part this same market managed to reach a peak of just above US$38,000 and held for several months above the US$ 20,000 mark. This instability in the market seems to have enhanced concerns amongst potential investors and as a result we have seen a mere 138 new newbuilding contracts in the year so far.
Yiannis Vamvakas further noted that, this is a significant decline compared to 199 orders that were placed last year, as well as below the 147 orders made back in 2017. As a result, the orderbook has scaled back during the year by approximately 18%, while the orderbook to fleet ratio now holding at around 11%. With 122 vessels expected to be delivered in 2020, second thoughts will be lingering as to the prospects of placing any further new orders any time soon. A similar pattern was to be seen in the Panamax segment, with both the number of new contracts and the total orderbook having thinned out compared to last year. Interest for newbuildings has dropped, with a meagre 22 new vessels having been added to the orderbook this year. The significant amount of deliveries that took place this year is likely to have played a key role in this trend, as we noted 122 vessels being delivered, 126% more than in 2018. If we add to this the 143 units that are anticipated for delivery in 2020, it looks to be a set affair that the bearish sentiment regarding new orders will continue through into the new year.
Moving onto the smaller size segments, Yiannis Vamvakas said, it looks as though the Supramax/ Ultramax size has managed to hold onto much of its appeal, as we saw 44 new contracts placed during the year, just 10 less than 2018. The freight market here too may have been volatile, but with the range having been much thinner the perceived risk seems to have been considerably lower in the eyes of most. In terms of seasonality, the most active period was the May-June period, holding 57% of the total orders placed. Despite this, the orderbook to fleet ratio still stands at around 6.5%. Given that the freight market is showing signs of improving and coupled by the overall more dependable performance noted in this size segment, it is likely that we will continue to see interest for new orders sway this way more so than what we will see in some of the other size segments.
Moving on to the Handysize, Allied Shipping Research noted that, a much more stable market was seen, with 20 new contracts being added to the orderbook, a number almost identical to that of 2018. The orderbook has dropped on an annual basis by approximately 20%, while the new contracts to fleet ratio ended at 0.8%, while it is worth mentioning that the last order noted thus far was back in June. The slowdown in dry bulk newbuilding activity has undoubtedly been an encouraging factor as it boosts optimism that the supply side of the industry will not slip beyond manageable levels. However, the scheduled deliveries for 2020 are still at relatively high levels. As such it looks as though next year will prove pivotal in determine the longer-term prospects of the market.
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Wednesday, 25 December 19
COVER FOR WAR AND TERRORISM RISKS, AND COVER IN RESPECT OF BIOLOGICAL AND BIO-CHEMICAL WEAPONS - 2020 POLICY YEAR: AMERICAN CLUB
KNOWLEDGE TO ELEVATE
This Circular describes the arrangements which have been made to provide special cover for war and terrorism risks, and c ...
Wednesday, 25 December 19
EXHAUST GAS CLEANING SYSTEMS (SCRUBBER) GUIDANCE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a few weeks, IMO’s ‘global sulphur cap’ will take effect. The permitted levels of SOx in ship emissi ...
Wednesday, 25 December 19
INDONESIAN BUKIT ASAM TARGETS TO MINE 30 MLN T OF COAL IN 2020 - REUTERS
Indonesian state-owned coal miner PT Bukit Asam targets to produce around 30 million tonnes of coal in 2020, compared with an estimate of 28.5 mill ...
Wednesday, 25 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As another year in the shipping industry is coming to an end, it is interesting to look at the dry bulk and tanker markets and how these performed ...
Monday, 23 December 19
VLSFO PRICING & AVAILABILITY NEEDS CAREFUL WATCHING - INTEGR8 FUELS
As we approach January 1st 2020 , the VLSFO price premium to HSFO has widened considerably
We are clearly well into the IMO 2020 transition; ch ...
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Showing 1226 to 1230 news of total 6871 |
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- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- PTC India Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
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