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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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- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
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