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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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Sunday, 19 July 15
BDI GAINED AND CROSSED 1000 MARK THIS WEEK
COALspot.com: The BDI gained and crossed 1000 mark after many months this Friday. The BDI was up almost 20 pct and closed 1048 points on 17 July 20 ...
Saturday, 18 July 15
INTERVIEW : FRANZ ESCALANTE, CHIEF OF INFORMATION SYSTEMS, MINERA CHINALCO, PERU
We are interested in the technology of Autonomous trucks, the new-generation trucks are not remote controlled, they are truly autonomous - Franz Es ...
Friday, 17 July 15
COAL PRODUCTION IN THE U.S. INCREASES SHARPLY FOR THE WEEK ENDING JULY 11
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.4 million short ...
Friday, 17 July 15
INDONESIAN POWER-STATION COAL SWAPS DECLINE CONTINUES THIS PAST WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and week over week, this past week.
The Q3 swap was declined $ ...
Friday, 17 July 15
DO CANCELLATION RIGHTS UNDER VOYAGE CHARTERPARTY SURVIVE RE-NOMINATION OF LOAD PORT? - INCE&CO
KNOWLEDGE TO ELEVATE
Do cancellation rights under voyage charterparty survive re-nomination of load port?
St Shipping & Transport Inc ...
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Showing 2916 to 2920 news of total 6871 |
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- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Planning Commission, India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- The University of Queensland
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
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