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Thursday, 07 January 16
SHIPPING WILL REMAIN VOLATILE AND INDISPENSABLE IN 2016 - MOORE STEPHENS
 The ultimate definition of an optimist has been characterised as an accordion player with an answerphone. Such extreme optimism might be difficult to find in shipping today, but the portents for 2016 are not all bad.
The Baltic Dry Index, a measure of shipping rates for everything from pins to elephants, dropped to an all-time low in December last year, and has fallen still further this month. Most people blamed this on China for not consuming as much of anything as it did previously. Nevertheless, the dry bulk sector will probably have to reduce the newbuilding orderbook and increase ship recycling in 2016 in order to restore the balance.
The same is true of the container ship sector, where reducing capacity is seen as the best way to drive up rates. CMA CGM’s move to buy NOL, meanwhile, although subject to regulatory approval, is an indication of further consolidation. It would be no surprise to see more still in 2016.
By comparison, the tanker markets enjoyed a stronger year in 2015, not least because of falling oil prices. In contrast, this has presented major challenges in the offshore maritime space. Some experts are predicting a slide to $20 a barrel in 2016, which may be just as well since a recent decision of the English High Court left a shipowner claiming that it had been asked to pay twice for the same fuel from bankrupt OW Bunkers. In 2016, owners will be monitoring a possible appeal against this decision to the Supreme Court, while keeping an eye on disputes elsewhere.
Shipping will remain volatile and uncertain throughout 2016. Operating costs will go up, as will the cost of regulation – for example, implementation of the Ballast Water Management Convention. The threat from cyber security will rise. Interest in refinancing, as a means of getting cash out of the business, is likely to increase, as are calls for accelerated ship recycling and a cap on newbuildings. The effect of geopolitical developments should not be under-estimated, while speculation about the UK’s planned Brexit referendum in 2017 will add spice to the pot.
Now is nevertheless a good time to invest if you have access to finance and a credible business plan, preferably one with the badge of green approval. It is no coincidence that IMO recently endorsed a proposal to adopt ‘Shipping: Indispensable to the World’ as the theme for World Maritime Day 2016. You don’t need to be an accordion player to take heart from that.
Source: Moore Stephens | Hellenic Shipping News
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Friday, 08 January 16
DRY BULK MARKET'S CRISIS DEEPENS AS RATES ARE DROPPING TO NEW RECORD LOWS BY THE DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Just when you would think that the dry bulk market is reaching its bottom, even as it has long surpassed all-time lows, each day that passes by at ...
Thursday, 07 January 16
FOB NEWCASTLE COAL SWAPS DELIVERY Q1'16 REMAIN FLAT W-O-W; UP M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $1.23 per ton (3.35%) this past week compared to the sam ...
Wednesday, 06 January 16
NEW COAL PRICE PASS-THROUGH REGULATION BENEFITS CHINA IPPS - FITCH RATINGS
Fitch Ratings says the new Coal Price Pass-through Mechanism announced by the National Development and Reform Commission (NDRC) on 31 December ...
Tuesday, 05 January 16
BIG COAL MINERS PLAN HIGHER PRODUCTION THIS YEAR - THE JAKARTA POST
The country’s major coal miners plan to further boost production in 2016 although analysts estimate that an oversupply in the world’s c ...
Tuesday, 05 January 16
THE SHIPPING MARKET IN 2015 AND LOOKING FORWARD - BIMCO
Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economi ...
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Showing 2621 to 2625 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Interocean Group of Companies - India
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