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Wednesday, 24 August 16
DRY BULK VESSELS FACE CONTINUED DISTRESS - CLEAR ASSET
 Dry bulk vessels have faced extreme distress in recent years. With a combination of factors including newer vessels being ordered with up to 5-year lead times and oil and commodity prices falling globally, owners have been left in precarious waters. Many did not anticipate the crash of commodities followed by oil falling to new lows (spot Brent at $45 a barrel) making it even more difficult to service either debt on existing vessels and associated dry dock fees, or to actually take ownership of their new vessels. As such, there is too much old tonnage on the waters floating around that warrant maintenance and work, compounded with many unclaimed new vessels awaiting transfer of ownership.
Banks have long held out on calling in such debts and preferred to explore restructured payment terms. This was evident with major banks who have inadvertently falsely propped up the Panamax market and slightly smaller bulk carrier vessels by extending finance terms rather than facing negative equity and repossessing the vessel.
Regretfully many of these decisions simply delayed the inevitable and by the time arrests or repossessions took place, the market had fallen even further. In the last 6 months alone, leading African auction house Clear Asset who specialize in commercial maritime and mining assets, have disposed of 4 such carriers. The vessels ranged in size from 7,000 tons up to 80,000 gross tons.
Comments Clear Asset MD Ariella Kuper, “It has been interesting to see that despite a depressed market the bidding has proven extremely strong, with parties from as far as Greece, Cyprus, Abu Dhabi, UK, Liberia, West Africa and Singapore bidding competitively. The auction sale of two recent ships, the mv Sadan K and mv Zeyenp K, both 80,000 GRT, achieved $1 million above reserve for each. A smaller 8,400 GRT, the mv Giuliana with 7,222 max draft, achieved $1.65 million which was $250,000 above reserve.”
South Africa has become a global player for arrested vessels and is attracting strong bidding appetite from abroad. The prices being paid are based on free market demand and supply, and with competitive bidding it is a fair indication of the value that the market places. What is strong to witness is the new players entering the ship trading game, who are in a financial position to settle payment within 5 days votes toets.
Adds Kuper, “Out of adversity comes opportunity for a new generation of maritime players to enter the game with a more sophisticated 21st century understating of prevailing market conditions.’’
Source: Clear Asset | Hellenic Shipping News
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Tuesday, 23 August 16
4200 GAR COAL INDEX CLIMB 15.96% YEAR TO DATE - CS COAL INDEX
COALspot.com: Average 4200 GAR coal index of Indonesian origin rose 1.65 % week over week to averaging $31.46 per ton this past week, shows CS (i) ...
Tuesday, 23 August 16
KOMIPO TO IMPORT 250K OF 5,700 KCAL/KG NAR COAL FOR Q4' 16
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for total 250,000 Metric Tons of Bituminous Coal for ...
Monday, 22 August 16
INDONESIA'S CS 5000 GAR THERMAL COAL INDEX, ROSE TO A 57-WEEKS HIGH TO TOP $43.47 A TON
COALspot.com: Indonesia’s CS 5000 GAR thermal coal index, rose to a 57-weeks high to top $US43. 47 a ton in the latest week, extending a 18-w ...
Monday, 22 August 16
THE FREIGHT MARKET WAS STEADY THIS PAST WEEK; CAPE INDEX DECLINE 5.38%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 19 August 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 421.6 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
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Showing 2311 to 2315 news of total 6871 |
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- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- The University of Queensland
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
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