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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, 21 October 14
INDIA'S DIESEL DEREGULATION POSITIVE FOR OIL COMPANIES - FITCH
The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies tha ...
Tuesday, 21 October 14
LOW DEMAND PUTTING COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost on day, week and month.
The swap has lost US$ 1.57 (-3.04%) month on month ...
Monday, 20 October 14
CHINA'S ENVIRONMENTAL POLICIES DO NOT SPELL THE END FOR COAL - WOOD MACKENZIE
China's environmental policies do not spell the end for coal Analysis across energy commodities show coal still accounting for 64% of power mix ...
Monday, 20 October 14
CFR SOUTH CHINA COAL SWAPS FAILED TO PERFORM POSITIVE
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 3.04 (-4.57%) month over month and US$ 1.75 (-2.68%) week o ...
Sunday, 19 October 14
LOW DEMAND PUSHES DOWN COAL FREIGHT RATES; VOLATILITY CONTINUES
COALspot.com: This week all the segments softened including BDI except for Panamax index.
The BDI was down by1.70 pct and clsoed at 944 points ...
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Showing 3416 to 3420 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- White Energy Company Limited
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
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