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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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Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
Friday, 20 May 16
U.S COAL PRODUCTION FOR THE WEEK ENDED 14 MAY TOTALED 11.4 MMST; UP 3.8% W/W
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.4 million short tons (mm ...
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Showing 2421 to 2425 news of total 6871 |
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- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Australian Coal Association
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
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