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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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Monday, 18 April 16
INDONESIAN 5000 GAR COAL INDEX DECLINE 1.43 PERCENT WEEK OVER WEEK - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 1.43 percent week over week to averaging $38.65 per ton on this past Friday, ac ...
Monday, 18 April 16
SOUTH KOREA STATE-OWNED UTILITY KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 70,000 Metric Tons of 4,600 kcal/kg NAR coal for ...
Monday, 18 April 16
SOUTH AFRICA RB1 COAL HAS LOST GROUND IN INDIA; RB2 MAY LOSE GRIP IF THE PRICE CROSSES US$ 50 A TON - TRADERS
COALspot.com: Indian coal consumers preferred to buy South Africa RB2 coal instead of RB1 coal recent months due to RB2's low CFR price level. ...
Monday, 18 April 16
CAPESIZE INDEX ROSE 44.66 PER CENT WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 15 April 16
PANAMAX MARKET CONTINUES TO FIRM - FEARNLEYS
Cape
It has been a positive freight market for the past few weeks, however, this week the market is taking a small breather, says Fearnleys in it ...
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Showing 2471 to 2475 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Planning Commission, India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Independent Power Producers Association of India
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