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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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Wednesday, 15 July 15
ANY FUTURE IRAN OIL DEAL WILL BOOST SUPPLY FUNDAMENTALS WITH TANKER OWNERS HOPING FROM TEHRAN TO QUICKLY BOOST ITS PRODUCTION
With the Greek “Euro-drama” apparently over, at least for now, Iran’s oil deal still remains elusive, with any potential agreemen ...
Tuesday, 14 July 15
FOB NEWCASTLE COAL SWAPS MAINTAIN OVERALL NEGATIVE TONE THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.02 per MT (-2.23%) month over month to US$ 44.68 per mt. The swap ...
Tuesday, 14 July 15
CFR SOUTH CHINA COAL SWAPS DECLINE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 1.47 (2.82%) per MT month over month.
A commodity swap ...
Monday, 13 July 15
THERMAL COAL IMPORTS SOAR 23 PER CENT TO 24.08 MILLION TONNES AT 12 MAJOR INDIAN PORTS
Import of thermal coal jumped 23 per cent to 24.08 million tonnes at 12 major ports in the first quarter of the fiscal, even as the government cont ...
Monday, 13 July 15
THE DRY BULK MARKET CLOSED ON A POSITIVE TONE THIS PAST WEEK
COALspot.com: Despite Greece crisis and turmoil in the stock market across the world , the freight market overall was firm and up in all segments t ...
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Showing 2926 to 2930 news of total 6871 |
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- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Sree Jayajothi Cements Limited - India
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