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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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Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindust ...
Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off ...
Thursday, 04 September 14
INDONESIAN COAL SWAPS SLIDE THIS PAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.90 (-1.68%) day on day and US$ 1.80 (-3.31%) per mt week on week. The ...
Thursday, 04 September 14
CAPESIZE : SENTIMENT REMAINS POSITIVE FOR Q3/Q4 - FEARNRESEARCH
Handy
The Atlantic market has experienced more activity this week. Rates for TA´s are up about 8% w-o-w, much lead by an increasing number ...
Wednesday, 03 September 14
KOREA MIDLAND POWER CO. LTD INVITES BIDS FOR 1 MMT OF BITUMINOUS & SUB-BITUMINOUS COAL FOR BORYEONG POWER PLANT
COALspot.com: KOMIPO again in the market for 1 million tons of 5700 NAR and 4600 NAR coal for Jan – March 2015. South Korean state-owned util ...
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Showing 3506 to 3510 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
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