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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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Tuesday, 26 May 15
FOB INDONESIA COAL SWAP; UP WEEK OVER WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, this past week.
The Q3 swap was declined ...
Monday, 25 May 15
FOB NEWCASTLE COAL SWAP Q1'16 CLOSED LOWER THAN Q3'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.92 per MT (2.07%) month over month and US$ 0.70 week on week. ...
Monday, 25 May 15
CFR SOUTH CHINA COAL SWAP : Q3, Q4'15 & Q1'16 INCREASED M-O-M AND W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.55 (3.09%) per MT month over month and US$ 0.72 (1.41%) pe ...
Sunday, 24 May 15
INDONESIA TO INDIA PANAMAX CHARTER RATES WERE RATING AT AROUND US$ 5500
COALspot.com: The freight market softened in all segments this past week.
The BDI was dropped 7.57 percent week over week and closed at 586 po ...
Friday, 22 May 15
FOB INDONESIA COAL Q3'15 SWAP FINISHED THE WEEK UP 38 CENTS TO $43.65 PER MT
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, past week.
The Q3 swap was declined US$ ...
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Showing 3006 to 3010 news of total 6871 |
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- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
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