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Thursday, 14 April 16
DRY BULKERS' PRICES COULD BE HEADING UPWARDS AS BUYERS' APPETITE INCREASES - HELLENIC SHIPPING NEWS
 Investment sentiment is beginning to trend upwards in the market for second hand dry bulk carriers. According to the latest weekly report from shipbroker Allied Shipbroking, “mixed messages coming out of the secondhand dry bulk market this past week, with buyers and sellers seemingly split into two distinct camps, as the freight market gains momentum though still lacks to reach freight levels that can be considered long-term sustainable against the average OPEX levels noted in the market. On the back of all this, rumors had started to circulate that we had begun to see deals being concluded at slightly firmer prices compared to similar tonnage concluded a few weeks prior”.
According to Mr. George Lazaridis, Allied’s Head of Market Research & Asset Valuations, “the truth is that there has been increased resistance noted amongst sellers these past couple of weeks, while some buyers are expressing the opinion that the market is starting to turn, something that can to some extent be reflected by the fact that there has been a considerably increase in the number of active buyers taking on vessel inspections, a fact that on its own could drive prices up once again as competition amongst them heightens. Expectations have long been that we would see a recovery in secondhand asset prices long before earnings reach any sense of “lucrative”. This has mainly been in part due to the fact that given prices have reached well below anything seen during the past 25 years or more, there have been many in angst to take up buying options, feeling that there is a significant potential in asset price gains to be made once the market rebalances. The buy low – sell high strategy has always been a major part of the strategy composed by most Greek buyers as well as prominent shipowners around the world. As such there have been a growing number of suiters waiting in the background hoping to strike at the point where they believe would be the absolute bottoming of the market”.
Allied’s analyst also noted that “this distressed asset purchasing strategy has occurred several times in the past, sometimes to disappointing result (as an example one may look at the buying spree that took place during 2013), with even prominent distressed debt investors misjudging the downturn and as a consequence acting on prices which would later prove to be at considerable underestimates as to how low freight rates and prices could go. Sure it seems now as if prices and rates have been squeezed to their lowest if not fairly close to their lowest possible levels and even so, the given the past mismatched timing and more dire freight market conditions has led most buyers to take a more cautionary view up until now. It does feel however that we may well be close to the turning point in buyers sentiment, while it will only take a few in number to hastily pull the trigger in outbidding their competition with considerable premiums on last done, to eventual drive the rest of the buyers currently in the market into a buying frenzy and driving a rally (even a small one) out of their fear that they may have “missed the market buying opportunity” and have been left behind”.
According to Lazaridis, “there are other factors as well that will surely play their role during the current market. Recent trends in FOREX movements have supported the resistance provided by sellers at these price levels, while given the fact that earnings have shown a fairly good improvement over the past couple of weeks most sellers will be entering any negotiation with a completely different sentiment as to what their counterparts had done a month back. As a final note, it will be interesting to see if this upward pressure materialises in full and if it does, how well it will be able to feed a positive upward momentum under low freight market conditions and more specifically during courses in the year which are typically seasonal lows in the freight market, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
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- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
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