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Friday, 11 September 15
SHIPPING MARKETS SHOW MIXED EMOTIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has managed to show marginal improvements over the past few days, with the Capesize segment faring better than smaller dry bulk segments, like the Handy and Supra markets. Similarly, the market for Gas Carriers has quieted down after a very busy week. Meanwhile, in the newbuilding market, things may have picked up in the past couple of weeks, but still activity is deemed as rather low.
Commenting on the Capesize market, shipbroker Fearnleys noted that “after a positive start to the week with increased number of cargoes particularly in the east, rates were improving. West Australia to China was up from usd 5,00 to usd 5,50 in short time. However, with a lack of cargoes out of Brazil, the Pacific rates were again under pressure. Period activity has been more or less non existing”.
Meanwhile, in the Panamax market, Fearnleys noted that “so far a relatively quiet week for Panamax with rates coming off in the Atlantic basin. Few fresh requirements and more open tonnage pushing rates down. Alantic rounds pending around USD 6000 midweek and the trend still weakening. ECSA and also USG grain has been the main driver in the fronthaul market and USG paying high 12000 + 270/280 bb this week. Some iore also done lately but same has unfortunately not had any visible impact on the rates. The eastern hemisphere also weakening with less orders activity and falling rates. Indo india coal paying typically 7k, Nopac maybe tic more. Limited period activity, weak paper forecast and expectations it will remain low keep the players off the field”.
In the Handy segment, Fearnleys added that “the handy and supra markets have been sliding the last couple of weeks. We still see the same tendency, but the market seems more positional this week. Out of the USG we see more cargoes coming up for 2nd half September / beg October. This could again lead to a pressure on rates going forward. ECSA is still active with 12k being done for trips to Med. In the Eastern hemisphere we see the same tendency and more orders coming out for NoPac delivery. Short Indo rounds are concluded in region of USD 5k while longer durations destined for India are fixing with an 8 in front. Period market is still present with shorter periods being concluded in region of 7,5k bss Spore delivery”, the shipbroker noted.
Meanwhile, in the Gas tanker segment, Fearnleys said that “after a busy week in the VLGC market last week, things quieted down somewhat this week. Although much so due to industry functions and events taking market players away from their desks, it has also been a matter of the usual wait for acceptances (both for this week and the next). The somewhat limited number of September loaders available in the Middle-East market prior the start of the week, has been further reduced this week with help from India. Two ships has been placed on subs, and another two cargoes are being worked in time of writing. In the Western market, a West Africa FOB has attracted a few traders attention, and one ship has been put on subs here too pending award. The Baltic reference freight route from AG to Japan has been moving sideways with only an increase of about one dollar W-o-W. The biggest headline this week in terms of newbuilding, is the confirmed order of two Panamax 78’s for delivery in 2017 against 10-year time charters to Phillips66″, the shipbroker concluded.
In the newbuilding market, shipbroker Intermodal noted that “despite the recent pick-up in ordering activity that took place in a traditionally quiet time for the market, the newbuilding industry is still going through difficult times, while expectations that sooner rather than later tanker orders should also slow down are growing. In both China and S. Korea a series of shipyards continue to face severe financial problems and while in most cases extensive restructuring plans are trying to tackle operating losses that skyrocketed this year, optimism is admittedly limited, with the recent cut in all of Hyundai, Samsung and Daewoo’s credit ratings, confirming this adverse reality for the S. Korean yards. In terms of newbuilding orders coming to light last week, Nippon Steel & Sumitomo Metal Corporation’s massive order for 9 firm VLOCs was definitely the most notable one, while the fact that all units ordered by the Japanese firm were done so on the back of long T/Cs, makes the size of the order easy to digest, as it has been long since similar dry bulk orders were being inked with no scheduled employment. In terms of recently reported deals Greek owner, Eletson Gas has placed an order for two firm LPG carriers (38,000cbm) and one firm ethylene carrier (12,000cbm) at Hyundai Mipo, in S. Korea, for $51.0m and $38.0m respectively and delivery set in 2017″, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 17 September 15
LOW DEMAND PUSH COAL SWAP DOWN
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and gain week over week.
The 4Q swap declined $ 1.77 (-4.17%) ...
Thursday, 17 September 15
MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
Having experienced, as it was much anticipated, a poor 1st half combined with negative forecasts, summer, in sharp contrast, proved to be more hope ...
Wednesday, 16 September 15
SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES LED A DECLINE IN INDONESIAN COAL PRODUCTION
COALspot.com: Slower growth in world coal demand particularly China and lower international coal prices have led to a decline in Indonesian coal pr ...
Wednesday, 16 September 15
HIGHER TAXES COULD LEAD GREEK SHIP OWNERS OUT OF THE COUNTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
A potential taxation overhaul of the shipping industry in Hellas, which could see the loss of particular tax benefits for ship owners, could lead t ...
Tuesday, 15 September 15
WORLD SEABORNE TRADE: ENTERING INTO A ROLE REVERSAL? - CLARKSONS
Over the past decade, world seaborne trade growth has been dominated by dry bulk and container trade. However, developments in the global economy t ...
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Showing 2811 to 2815 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Australian Coal Association
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Central Electricity Authority - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- White Energy Company Limited
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
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