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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, 11 March 16
US WEEKLY COAL PRODUCTION DOWN BY 0.5 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.6 million shor ...
Friday, 11 March 16
FORTESCUE'S MOU WITH VALE COULD STRENGTHEN ITS BUSINESS PROFILE - FITCH
COALspot.com: Fitch Ratings says that Australia-based Fortescue Metals Group Limited's (BB+/Negative) memorandum of understanding (MOU) with Br ...
Thursday, 10 March 16
CHINA'S NEW POLICY PLAN COULD BE POSITIVE FOR SHIPPING, BUT TARGETS SEEM RATHER AMBITIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China set out its new policy plan during the course of the past weekend, but it seems to have set some very ambitious goals, which could be difficu ...
Thursday, 10 March 16
U.S. COAL EXPORTS DECLINED 23% IN 2015, AS COAL IMPORTS REMAINED STEADY
COALspot.com: The United States remains a net exporter of coal, exporting 74.0 million short tons (MMst) and importing 11 MMst in 2015.
Accord ...
Thursday, 10 March 16
IT FEELS SAFE TO SAY THAT THE MARKET IS SLOWLY AND PAINFULLY REGAINING ITS BALANCE
With the BDI marking its third consecutive positive weekly closing, it feels safe to say that the market is regaining its balance; slowly and painf ...
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Showing 2526 to 2530 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
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