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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, 12 January 15
SHIPPING - CHALLENGES AND RESOLUTIONS - EVA TZIMA
Last year has without a doubt been another challenging one both for both our industry and our country. As Greece is currently dominated by election ...
Sunday, 11 January 15
BDI DECLINED 8% ON WEEK; BCI LOST 31%
COALspot.com: The BDI continued its decline in the first week of this year or lost 8 pct week over week. The BDI was closed at 709 points whi ...
Friday, 09 January 15
U.S. EASTERN SPOT STEAM COAL PRICES FELL IN 2014; ROSE IN WEST - EIA
U.S. Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports.
According to U.S. Ene ...
Friday, 09 January 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 2.2% Y-O-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.6 million short tons (mmst) of coal ...
Thursday, 08 January 15
INDONESIA PRESSES ON WITH HIGHER COAL ROYALTY FEE TO BOOST STATE REVENUE - JG
The Indonesian government is pressing on with its plan to raise the royalty charged to coal miners in order to increase state revenue, but the move ...
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- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Australian Coal Association
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- The University of Queensland
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
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