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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, 28 August 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING AUGUST 22 ROSE FOR THE THIRD STRAIGHT WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.5 million shor ...
Friday, 28 August 15
BANPU STRENGTHENS GROWTH PLAN
Coal Business: Asia-Pacific Synergies Increase Competitiveness for Premium Export Market.
Banpu Public Company Limited (BANPU) strengthens its ...
Thursday, 27 August 15
RATES FOR CAPES REMAINED ON A FREE FALL LAST WEEK - INTERMODAL
COALspot.com: Keeping everyone on their toes with the volatility seen in August, the Dry Bulk market undoubtedly remains a steady provider of chall ...
Wednesday, 26 August 15
MARKET INSIGHT - STRATOS TINIAKOS
It’s always interesting to comment on the market when big economies around the world are facing troubling times. Following the collapse of th ...
Wednesday, 26 August 15
2Q'16 FOB INDONESIA COAL SWAP FALLS NEARLY 4.76 PER CENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap was declined $ 2.20 (-5.13%) p ...
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- Central Java Power - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
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