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Tuesday, 13 December 16
THE FREIGHT MARKET MAY WELL BE SHOWING SIGNS OF HEADING FOR ITS DOWNWARD CORRECTIVE PHASE - ALLIED
 2016 has been a tough market for dry bulkers and through these difficult earnings, we have seen some of the lowest prices being noted historically for assets across all size segments, says Allied in its latest weekly report.
Things have changed considerably since May when the market started to recover from its loss-making freight levels and created a fair rally in the secondhand market as buyers flocked to take advantage of the low prices, confident that no matter how long it would take for market fortunes to turn and bring back the bullish freight rates of the past, they would have taken on assets at price levels they viewed as highly competitive and would have little to risk. This rally being fast paced and being mainly driven by the low price while facing limited support yet from the freight markets, seemed to have run their course in early September, with both SnP volume and asset prices taking a temporary pause, said George Lazaridis.
Buyers, it seemed, were still concerned at what they could possibly face in the final quarter of the year, being still spooked by the trend they had witnessed in the final part of 2015 and first quarter of 2016. Things seemed to have taken a different route this time around, bringing back the seasonal strength typically seen during the autumn months of the year. At the same time there is now slightly more optimism around as to how well the market will tackle the slack in demand usually noted in and around the Chinese New Year Festivities, while many see a better market balance moving forward, feeling that demand now shows better prospects while the supply of tonnage has been limited fairly well while the orderbook from the second quarter of 2017 and onwards is comparably limited in number. This optimistic view is slowly translating into actual transactions, with recent sales showing a slowly gaining momentum both in terms of volume and prices being seen. There has also been a considerable pick-up in the number of interested parties shopping around and increased interest for inspecting vessels that are circulated in the market, said George Lazaridis, Head of Market Research & Asset Valuations of Allied Shipping.
According to George Lazaridis, the freight market may well be showing signs of heading for its downward corrective phase, with increased possibility that rates may well drop significantly over the next 2 months, but this is unlikely to deter buyers, given that their keen interest is not generated from a belief that freight rates are going to be at extraordinarily high levels within the final weeks of the year nor during the first months of 2017.
There is surely no delusion as to where we stand and no one expects that we are in the clear and it’s all smooth sailing from here on out. What most seem to feel is that for the time being we have seen the worst and that given that freight levels should improve somewhat compared to the levels noted during the course of the past 12 months, prices should therefore start to better reflect this improvement. Buyers, as such, are more likely to offer more for each vessel and feel more confident to outbid their competition even if it drives up prices compared to the levels we are seeing now.
The main thing still holding things back for the moment seems to be the difficulties being faced on the financing front, though given that there are still a number of buyers with “deep pockets”, they are likely to play more aggressively now in order to secure assets before prices increase by too much, while leaving to deal with financing options at a later stage, something which would in any case allow them to find better terms of financing once both freight rates and asset values have improved further.
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Tuesday, 20 December 16
TRADE HAS FELT ITS BUMPS AND SHAKES THIS YEAR - GEORGE LAZARIDIS
Trade has felt its bumps and shakes this year, as growing populist protectionist and nationalist movements in the Western world start to take hold. ...
Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...
Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...
Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax
Pacific has been relatively quiet this week, with some softening signs.
Supramaxes are achieving around high USD 7k for Indo/China ...
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- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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