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Thursday, 24 March 16
NEWBUILDINGS' PRICES HAVE STARTED TO COME DOWN - ALLIED | HELLENIC SHIPPING NEWS
 Newbuildings’ prices have started to come down, as demand has remained subdued for quite some time now. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the shortage of new orders continuing and another week of less then a handful of new tonnage reported to be ordered, prices have finally started to take a notable hit. What is more noteworthy, is that the recent drops in prices quoted by shipbuilders come at a point when commodity prices have started to show signs of picking up, although only slightly and with minimal evidence of sustaining an upward trajectory over the coming months. The drought in newbuilding orders has been long and continues to squeeze shipbuilders more and more, while the drop in price is part of an extensive effort to jump start the market, in order to be able to support these prices shipbuilders have to continually squeeze out every unnecessary cost while improving their efficiency and productivity to the max. It is somewhat doubtful that these price drops will be enough to generate sufficient interest from the side of buyers, as the squeeze in earnings in the dry bulk and containership sectors leaves few interest buyers there, while the oil tanker and gas carrier sectors are plagued with uncertainty”.
Meanwhile, in a separate newbuilding report, Clarkson Platou Hellas noted that “in tankers, HHI have received an order from Arab Maritime Petroleum Transport Co. (AMPTC) for two firm 158,000 DWT coated Suezmax for delivery within end 2017 from the yard’s Samho facility. These will be the 3rd and 4th vessels in the series, following the original order in January 2015. Yeunsoo Heavy Industry (Korea) is reported to have signed contracts with Woolim Shipping for three firm 6,600 DWT IMO-2 Chemical Tankers. The trio are set to deliver throughout 2017 and 2018. In other sectors, Uljanik have announced signing contracts for two firm 5,500 lm ROROs with CLdN Cobelfret N.V. The firm units are due for delivery within 2018 – with the buyer understood to hold options for further vessels. Crystal Cruises have announced an order at Lloyd Werft for one 25,000 GT Cruise Ship, the ‘Crystal Endeavor’. Set for delivery in August 2018, the Ice class PC6 vessel will have capacity to carry 200 passengers and be fitted with dynamic positioning technology”.
In the S&P market, Allied Shipbroking said that “on the dry bulk side, good level of activity with slight softening still noted on the more modern units, something that is likely to
continue for the time being as the drop in newbuilding prices will surely have and underlining effect here too. On the other end of the spectrum we have noted a slight improvement in price levels in the older aged tonnage as the increase in scrap steel prices has in turn meant an increase in the residual value of these assets, something that gives a higher residual value and prompts for an excess of this when the sale is made on further trading basis. On the tanker side, it was a relatively quiet week with lacking buyer interest causing a shortage of concluded deals, while seller’s price ideas are still considered too high given the forward sentiment of the freight market. The only segments which are a slight exception to the rule are Aframaxes and LRs which have been holding fairly hot”.
Finally, in the demolition market, Allied said that it was “another week of increases, with the increases noted in the commodities markets surely playing their part, while the improved confidence was also met by a stronger resistance by shipowners to take up the lower prices that were being offered one week back. As such the rise was quick and by early Friday offers were circulating with a more then US$ 10/ldt increase compared to what was seen one week prior. For the moment it looks as though these levels will be able to hold and the positive momentum could continue for a little while longer, though hesitance from the end buyers side has started to show face, with many possibly fearing of offering too high too soon and overshooting what the market can sustain for the time being. It looks as though the hard taught lessons of last summer are still in the memory of most and no one is willing to undergo a repeat of the past”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 11 April 16
BDI ROSE TO ITS HIGHEST LEVEL IN FOUR MONTHS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 08 April 16
COASTAL ENERGEN CROSSES GENERATION OF 1068 MW AND EXPORT OF 1004 MW FROM ITS 1200 MW IPP
COALspot.com: Coal & Oil (C&O) Group, an India centric Energy & Infrastructure company announced that their Coastal Energen' ...
Friday, 08 April 16
WEEKLY US COAL PRODUCTION ESTIMATES DIP 5.4% TO 11 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11 million short ...
Friday, 08 April 16
MINISTER OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO ISSUE REGULATION TO GUARANTEE THE COAL SUPPLY TO ITS 35K POWER PLANT PROJECTS
COALspot.com: In order to guarantee the supply of coal for 35,000 megawatt (mw) coal based power plants ( still in planning stage), the Minister of ...
Thursday, 07 April 16
CHINA STEEL CAPACITY CUTS FACE SOCIAL, FINANCIAL HURDLES - FITCH RATINGS
Fitch Ratings says today that the Chinese government's supply-side reform of the steel sector faces immense social and financial challenges. Th ...
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Showing 2486 to 2490 news of total 6871 |
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- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- The University of Queensland
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
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