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Tuesday, 06 January 15
SHIPPING MUST ADOPT CAN-DO ATTITUDE IN 2015 - MOORE STEPHENS
 Shipping needs to adopt a can-do attitude in order to successfully meet the challenges which are likely to come its way in 2015.
Shipping partner Richard Greiner says, “Shipping confidence started 2014 on a six-year high and ended it on a two-year low. It is difficult to predict with any certainty what the next 12 months will bring, beyond further uncertainty. To paraphrase an old adage, shipping goes into 2015 needing to accept the things it cannot change, to change the things it can change, and to make sure it understands the difference between the two.
“Top of the list of things which shipping cannot change is the relentless march of regulation. In 2015 this will assume still more onerous proportions with the inception of new regulations governing Emissions Control Areas, and a further step towards ratification of the BWT Convention.
“Overtonnaging, meanwhile, is top of the list of things which shipping can change. Accelerated scrapping is needed, together with an acknowledgement that there are already too many ships on the market and that, absent some form of rationalisation, freight rates will not pay the bills.
“One area where shipping can demonstrate that it knows the difference between what it can and cannot change is in its attitude to private equity. Does private equity not know what the rest of us know, or does it know something the rest of us do not? Rather than bemoaning the short-term commitment of private equity, shipping should be looking to tick the boxes which attract such investors.”
“Operating costs will go up in 2015, along with the cost of regulation, while it would be no surprise if oil prices were to go up faster than freight rates over the course of the year. Environmentalists will be happier with shipping. There will be increased interest in risk management, without which there will be still more newbuilding disputes of the type currently sitting on the desks of arbitrators, and more companies following the unhappy route into bankruptcy taken at the end of last year by OW Bunker.”
Greiner concludes, “Shipping embarks on a new year with confidence in a fragile state. The industry is volatile, and will be looking for improved political stability and a stronger global economy. But it should not underestimate its proven ability to endure throughout crises. The biggest danger may lie not in setting the targets too high and falling short, but in setting the targets too low and achieving them.”
Source: Moore Stephens | Hellenicshippingnews
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Monday, 09 February 15
Q2' CFR SOUTH CHINA COAL SWAP DECLINED 3.28% TO $ 56.92 W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 1.93 (-3.28%) per MT month over month and US$ 0.10 (-0 ...
Sunday, 08 February 15
BDI FELL CONTINUOUSLY HIT A THREE DECADES LOW
COALspot.com: This week Baltic Exchange Dry Freight Index (BDI) fell continuously hit a three decades low.
The BDI continuously fell and was d ...
Friday, 06 February 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 1.1% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 20.1 million short tons (mmst) of coal ...
Friday, 06 February 15
SHIP DAMAGED BY FIRE CAUSED BY PIRATES FOUND TO BE CONSTRUCTIVE TOTAL LOSS - TAYLOR WESSING
KNOWLEDGE TO ELEVATE
The High Court was asked to determine a number of preliminary issues, including whether a vessel was a constructive total ...
Thursday, 05 February 15
BDI HAS NOW FALLEN A LEVEL CLOSE TO THE INDEX'S HISTORIC LOW - INTERMODAL
They say a picture is worth a thousand words and in this instance just one look at the tables above is enough to understand the great pressure the ...
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- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- The University of Queensland
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
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