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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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- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
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