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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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Thursday, 07 April 16
PANAMAX RATES ARE FIRMING IN BOTH HEMISHEPHERES - FEARNLEYS
Capesize
With a great volume our of west Australia, rates were finally moving to upper 3's. and stabilizing towards the middle of the week in ...
Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
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- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- White Energy Company Limited
- Interocean Group of Companies - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Planning Commission, India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
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