We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...
Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...
Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy
In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...
Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...
Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...
|
|
|
Showing 3636 to 3640 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Australian Coal Association
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- The University of Queensland
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Economic Council, Georgia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
|
| |
| |
|
