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Tuesday, 14 March 17
ORDERBOOK-TO-FEET RATIO DECREASING; THE FREIGHT MARKET IMPROVING
 It seems as though the renewed optimism that has arisen from the recent upward trends being noted in the freight market, the dry bulk market has been set alight, said Allied Shipping in its latest weekly report.
According to George Lazaridis Head of Market Research & Asset Valuations of Allied, there has been a growing bullish vibe being felt for several months now in this sector, generated by the successive decreases being seen in the orderbook-to-fleet ratio during the course of the past year and all indicators in the freight market pointing to an improved balance. He further noted that the order book to fleet ratio for the dry bulk segment as a whole has now dropped to 7.72%, the lowest figure we have seen in over two decades now. This plays an important role in dissipating concerns over the glut in tonnage supply that we have seen in the market, though this is only half the picture. During the course of 2016, many viewed the excessively low earnings being a directly caused by the excessive number of new buildings being delivered. Having witnessed both the drop in the order book and at the same time a considerable improvement in freight rates, one can easily make the presumption that the supply-demand balance in the market is improving and at a fairly good pace. During the course of 2017, freight rates have held at levels well above what we were seeing back in 2016 and even 2015, while the recent rally that boosted the Baltic Dry Index to above 1,000 points before the start of the grain season in the Atlantic, has only re-enforced the bullish views that have been held by many in this regard.
George Lazaridis further said, it is no surprise therefore that we have seen buyers quickly flocking back into the secondhand market with fears that they will “lose” the opportunities that are still present in the market. Despite the fact that prices have on average risen by around 50% since the low levels of March 2016, asset prices can still be considered to be fairly competitive compared to what we have seen historically since the late 90’s. As such and with earnings now providing the promise of better returns and positive cash flows for new purchases, you can see that there is excess possibility for further price gains to be noted over the coming months. What’s more is that during the time period where we faced some of the biggest difficulties in the freight market, newbuilding prices continued to hold at abnormally high levels compared to equivalent periods in the past. As such secondhand asset prices are at an even higher the normal discount against what it costs to construct a similar vessel. This leaves the conclusion that if earnings continue to stay at “good” levels it will be hard to see similarly low price levels in the future for similarly aged vessels.
All these conclusions are based on the assumption that we have reached a balance in the market and that demand will continue to grow at least at its current momentum, allowing for a continual improvement in the freight market, said George Lazaridis.
This is a fairly big if however, especially if you take a closer look at the volatility being noted in the commodity markets and the general uncertainty being played out in many of those economies that play a vital role in seaborne trade. Further shocks could derail this balance and bring another round of “pains”. Although this does need to be of concern, it seems that even if these negative scenarios play out their consequences to the market would be more minor and short-term then what similar events have caused in the recent past. As such one can’t blame those optimists out there and given the relatively lower risks that are in view, there are fair grounds to claim that opportunities are now much better than most that we have come by in the past 5 years.
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Friday, 28 April 17
U.S PRODUCED LESS COAL THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14 million short tons ( ...
Friday, 28 April 17
DELTA DUNIA RECORDED $24 MILLION NET PROFIT FOR FIRST QUARTER OF 2017; UP 700% Y/Y
COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the first quarter of 2017 yesterday. According to the ...
Thursday, 27 April 17
PACIFIC IS SOFTENING WITH MORE TONNAGE OPENING AND LESS COAL ORDERS AROUND - FEARNLEYS
Supramax
Relatively slow week, with both basins showing signs of cooling down. Although grain cargoes out ECSA and ECCA on Ultras still delivered ...
Wednesday, 26 April 17
IRON ORE PRICES HAVE BEEN ON A ROLLERCOASTER RIDE OVER THE LAST MONTH - CHRISTOPHER WHITTY
Iron ore prices have been on a rollercoaster ride over the last month. Prices started the year on a very positive note, surging up to their highest ...
Tuesday, 25 April 17
FIONA POUNDS: VALID TENDER OF NOTICE OF READINESS
KNOWLEDGE TO ELEVATE
In the recent English High Court case of MV Arundel Castle1, the Judge ruled that a vessel, that could not immediately pr ...
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Showing 2061 to 2065 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
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