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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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Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...
Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...
Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE
In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...
Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
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- Planning Commission, India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
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