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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, 02 December 14
FOB RICHARDS BAY COAL SWAPS LOST MONTH OVER MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month, week on week and day over day.
The Q1 swap has lost U ...
Tuesday, 02 December 14
SUB-BIT FOB INDONESIA COAL Q1' 15 DELIVERY SWAP CLOSED AT US$ 49.50
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 0.4 ...
Monday, 01 December 14
SGX'S FOB NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 52.50
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.50 on 28 November after losing US$ 1.20 (-2.23%) month ove ...
Monday, 01 December 14
Q2' 15 DELIVERY CFR SOUTH CHINA COAL SWAP CLOSED 0.42% LOWER THAN Q1' 15 DELIVERY CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 2.45 (-3.78%) month over month and US$ 0.67 (-1.06%) we ...
Sunday, 30 November 14
SUPRAMAX COAL FREIGHT RATES FROM INDONESIA TO INDIA : FIRM
COALspot.com: The BDI fell 171 points and closed at 1153 points on Friday 28 November 2014. The Cape index also lost 887 points and closed at 2151 ...
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- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The University of Queensland
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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