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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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Thursday, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shippin ...
Monday, 17 April 17
THE PANAMAX INDEX (BPI) ROSE (12.89%) WEEK OVER WEEK
COALspot.com: The Freight market was firm, week over a week as all segments show a positive upward trend this past week.
The Baltic Exchange, ...
Monday, 17 April 17
U.S. WEEKLY COAL OUTPUT FELL 5% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
Crude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude fut ...
Wednesday, 12 April 17
THE PORT OF NEWCASTLE SHIPPED 13.791 MILLION TONS OF COAL IN MARCH 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,688.5 ...
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Showing 2071 to 2075 news of total 6871 |
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- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
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