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Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards around the world, something which has been reflected in the S. Korean yards’ financial results of late. In its latest weekly report, shipbroker Allied Shipbroking noted that “a new order here, a new order there and an ever shrinking order-book leaves the newbuilding market shrinking every week. It is no surprise therefore that we continue to see ever more shipbuilders being flown publicly into financial difficulties with many unable to support the finances and trying to strike deals with their respective financiers while others look onto finding new supporters for their troubled businesses”.
According to Allied, “once more, as in the past, it will be government support which will dictate the course of this industry, with overzealous governments throwing large amounts of cash in order to support the large labor forces utilized by this industry. Seeing another week of few in number reported orders and you can see how difficult the situation has become. At the same time, looking at recent trends in prices (or a lack thereof) and you can tell that we have hit a bottom from which its hard to move below this at the current moment de-spite the squeeze being put on by potential buyers. Putting all this together and way may well find a number of shipbuilders by the end of 2016 and mid 2017 with a zero orderbook (at least from commercial shipping)”.
Meanwhile in the S&P market, Allied noted that “on the dry bulk side, with another round of reported deals indicating further price drops and rumors circulating of even lower price levels negotiated for vessels marketed in the market, it looks as though we are set for another strong drop in values over the course of the next couple of weeks. At the same time many are still measuring their options in terms of laying up their vessels or cutting their losses while they still can (financially), meaning that there could still be a considerable amount of downward pressure on prices still hidden and waiting to be unleashed. On the tanker side, the recent shake up in confidence as to the freight market prospects has cost dearly in the secondhand market, with some sellers believe that now is the time to cash in on their assets while buyers have become less optimistic and are holding back price mark ups in reflection to this”, Allied said.
Finally, in the demolition market, Allied noted that “further price squeeze is put on every day by the vast number of demo candidates circulating the market, while demo buyers are still in the “beneficial” position of picking out the best candidates they can find. Despite this and what the price trends are showing, things in the market have started to improve with more and more end buy-ers managing to re-enter the market after a long period of being ab-sent after the developments noted in the market during the summer. This may well act as a slight boost, though it is doubtful how strong their appetite and ability to speculate right now may be, as such keeping a cap on their ability to “price up” the market rates given. It seems as though further discounts can be expected over the coming days, though given the recent trends the drop in price levels will re-main gradual for the time being rather then a sudden drop like the one noted in June of 2015. Further to this the Indian market now looks to be lagging behind the rest of the Indian Sub-Continent, with the Indian budget due towards the end of the month, causing a more selective buying appetite from buyers there”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank sa ...
Friday, 12 February 16
U.S. COAL PRODUCTION OFF 5.4% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.9 million shor ...
Wednesday, 10 February 16
SOUTH AFRICA IS HOPING TO SHIP MORE COAL TO INDIA IN 2016
COALspot.com: South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal in 2015, industry officials ...
Wednesday, 10 February 16
OWNERS APPEAR WILLING TO DISPOSE OF TONNAGE THE SOONEST IT HITS THE 10 YEAR MARK - TIMOS PAPADIMITRIOU
COALspot.com: The last two months of 2015 made a case for traditional shipowners to invest in the dry bulk sector, doing so though based purely on ...
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- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
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