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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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Wednesday, 21 January 15
PANAMAX MARKET MOVED SIDEWAYS OVERALL LAST WEEK - INTERMODAL
COALspot.com: The positive sentiment in which the week prior ended carried on through-out last week as well, the end of which marked the first posi ...
Wednesday, 21 January 15
SHIFT IN INTERNATIONAL COAL TRADE TO THE PACIFIC BASIN WILL CONTINUE - IMF
COALspot.com: The shift in international coal trade to the Pacific Basin will continue, IMF said in its latest Medium-Term Coal Market Report.
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Wednesday, 21 January 15
MARKET INSIGHT - VASSILIS LOGOTHETIS, INTERMODAL
The World Bank has lowered its forecast for global growth in 2015 to 3% down from its previous level of 3.4% amid rising concerns over the economic ...
Wednesday, 21 January 15
THERMAL COAL PRICE OUTLOOK DEPENDENT ON INDIAN IMPORT DEMAND - MATTHEW BOYLE, CRU
COALspot.com: Supply and demand side developments in India will be an important determinant of future market dynamics and prices for thermal coal a ...
Wednesday, 21 January 15
PORT OF NEWCASTLE COAL EXPORTS JUMP 16.19% ON MONTH TO 15.80 MIL MT IN DECEMBER' 14
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.136 billi ...
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- Timah Investasi Mineral - Indoneisa
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- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
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- Bahari Cakrawala Sebuku - Indonesia
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- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- McConnell Dowell - Australia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
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- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
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- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
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- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
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- Bangladesh Power Developement Board
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- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
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