We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 07 December 16
SHIPPING MARKET INSIGHT - THEODOROS NTALAKOS
 Looking back at my previous end-of-year insights, for the last seven years, in each and every one of them, I begin with something like “there are about 1,000 new building bulk carriers scheduled to be delivered during next year”. Every year for the last seven years the orderbook has been casting a shadow over the long awaited shipping recovery.
Despite record demolition activity, despite slippage and cancellations, too many ships were being delivered in the market for too long. As of today, we still have another 990 bulk carriers scheduled for delivery over the next 3 years - about 650 for 2017 only - so many shipping people are still skeptical about the market's recovery. On the other hand, at the end of 2014 the orderbook for 2015-2017 stood at 1,800 ships, whilst in December 2015 it was at 1,400! So provided also that not all of the currently listed new buildings – many have been canceled without this being reflected in the books - will be delivered, we can see that we are on the downhill of Mount Orderbook.
We are again at a crossroad, with demand trying to find its support against supply (not only newbuildings, but also new ships waiting at shipyards, lay-ups, and slow-steaming) that can still put pressure on ships' utilization. However shipping is mainly for investors who rely on directional investing, which simply requires the market to move consistently in the desired direction, which can be either up or down. So, while during the past years only one thing has been proven, that one cannot and should not make any predictions about the market.
The latest momentum has shown that, if the mistakes of the past are not repeated, the next two years could give the consistency that our community has been long waiting in order to implement their strategy. Purchases during this year have so far been proven brave but profitable and as such, asset prices have been recently on the rise. Those ships built during the 2000s have benefited the most, and we already have a few cases where a quick but substantial profit has been materialized from buying and selling just a few months later.
Another variable that increases complexity in decision making are the upcoming but still 'immature' regulations, as well described in one of our previous insights by my colleague Vassilis, which are affecting not only the ship repair market, but also S&P decisions. The blurry scenery only makes some shipowners more conservative or others more speculative.
Most owners however are price driven and look to buy older ships where the acquisition cost is still close to historically low levels and leave the decision of whether the cost to invest in upgrading is manageable or not, on how the market will be when the implementation time comes.
So on top of our warmer wishes for the holiday period, our quote for the year end is borrowed from the philosopher Epictetus: "Make the best use of what is in your power, and take the rest as it happens".
By Theodoros Ntalakos
Newbuilding / SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 28 November 16
BALTIC DRY INDEX FALLS TO 1181 POINT, DOWN 76 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities down slightly and ending in a negative note this past wee ...
Thursday, 24 November 16
SUPRAMAX: SOUTH AFRICA STILL STRONG WITH OWNERS ACHIEVING AROUND USD 14-15K FOR TRIPS EAST - FEARNLEYS
Supramax
A positive kick-off in both the Atlantic and the Pacific. Very healthy rates within USG, some supras receiving well over 20k for trips t ...
Wednesday, 23 November 16
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
The Organization of the Petroleum Exporting Countries (OPEC) is due to finalize a reduction in total production at its next scheduled meeting in Vi ...
Tuesday, 22 November 16
ITALY'S STEAM COAL IMPORTS EXPECTED TO DECLINE 7% Y/Y TO 15 MILLION TONS IN 2017 - ITALIAN COAL ASSOCIATION
Italy’s steam coal imports expected to decline to 15 million tons in 2017, or 7% less imports compared to 2016. The coking coal imports are e ...
Tuesday, 22 November 16
THE COMMODITIES MARKETS HAD SHOWED GREATER PROMISE SINCE THE SUMMER PERIOD - GEORGE LAZARIDIS
We have all borne witness to the sluggish pace of trade growth witnessed during the course of the past 4 years as well as the even slower pace note ...
|
|
|
Showing 2201 to 2205 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Australian Coal Association
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
|
| |
| |
|
