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Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to shipbrokers. While the tanker market is no stranger to the concept of a 2 Tier market, where some segments are performing much better than others, dry bulk and container trades weren't used to such diversification. This is about to change according to a recent Intermodal report, which suggest that in the container side, the new, wider, slower and more efficient vessels will soon be in the water with owners expecting to see the premiums rolling in, as promised/speculated by charterers.
According to Intermodal's Timos Papadimitriou, "on the dry side, this idea has been incubating since last year and now Cargill is stepping up and endorsing the more efficient vessels. It is only logical to expect more charters will follow and become pickier. And why not? Fuel is not getting any cheaper and there is an abundance of vessels. But does that justify more orders? Will the improvement in a few mts of bunkers be translated into a premium on the hires? he asks.
Furthering his argument, Papadimitriou notes that "in containers, the new vessels burn less fuel and are significantly slower, producing huge savings and yes that will result to a premium. But in the bulk side how much slower can a vessel sail. From 14,5kn to 13kn? 12kn? 11kn? Eco ships do burn less on paper but still nowhere near the percentage saving performance of their container counterparts. So will the dry cargo charterers pay a premium? It’s doubtful. Charterers have always been looking for effective and efficient ships, no big news there. However, with so many ships falling in the water and so many yet to come they are standing in front of an “all you can eat” buffet ready to pick and choose what suits them best" he said.
Moving on to the market movements in terms of new investment, the shipbroker's report mentioned that in the sale and purchasing business for used vessels, "last month we saw a number of 5 to 7 year old Panamax, Kamsarmax and Supras surfacing in the market and being welcomed by a lot of curious parties but a world apart from the sellers’ price ideas.
Germany continues its steady supply of containers vessels on sizes below 3000 TEU, with most sales candidates having the blessing from the banks. It’s interesting to see if the older than 1998 built vessels will find a new home or head to the beaches. Last but not least, in the tankers we saw mid 90’s VLs and MRs ruling the second hand stage" the report said.
On the new building front, Intermodal added that "those who can, won’t order (thank God), mostly strictly out of principle of not putting more vessels into the already swamped traditional size segments, and those who want to order can’t (thanks to the banks). Yet still there are owners thinking and looking outside of the boundaries at sizes not yet fully exploited, like that of the dry bulk Ultramax or in forgotten segments of the tanker market, like the under ordered LR1 and LR2 sizes. In containers, the falling NB prices in combination with the global economic sentiment is giving a reminder that in the game of economies of scale, size “Does” matter, making the phrase “bigger is better” the main sales pitch".
Concluding its argument, the shipbroker wondered as to what should one do in times of uncertainty and speculation. "Wait for really modern ships to come up for sale and purchase them in levels that reflect the hire market and the market outlook in general, or invest in new sizes and under ordered segments and thrive in uncharted waters? I am sure that a shipowner will find a third and fourth alternative" it concluded ratherr playfully.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 30 October 12
NEW BUILDING ORDERING ACTIVITY KEEPS ON RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have refrained from placing any new orders of vessels during the course of the past few days, according to shipbroker reports. According ...
Monday, 29 October 12
US COAL EXPORTS ARE EXPECTED TO REACH 125 MILLION TONS THIS YEAR - EIA
COALspot.com - US coal exports are expected to reach 125 million tons this year, surpassing the old record of about 113 million tons set in 1981, sa ...
Sunday, 28 October 12
SUB-BIT INDONESIA COAL SWAPS (FOB ) FOR DECEMBER 2012 DELIVERY STAYED FLAT D-D
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery flat on D-D but gained 0.38 percent on W-W on Friday, 26 October 2012, ...
Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.
The BDI was up b ...
Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, ...
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- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Deloitte Consulting - India
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