We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
 The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till the first half of the year. Compared to the very silent first half of the previous year, there is an enormous increase in the demand for dry-docking slots, which is more than justified. Apart from the obvious, i.e. that the physical number of vessels due for special survey is greater compared to last year past, we have also observed that some non-Greek shipping companies have the tendency to bring the dry-docking schedule earlier to avoid the imminent implementation of the ballast water management regulations.
On the other hand, as far as Greek shipping companies are concerned, this strategy has not found solid ground, as the great majority of the Owners have agreed to proceed with the de-harmonization of the IOPP certificate, as a way to avoid the BWMS regulation altogether. The first wave of the high demand for ship repairs came during the Chinese New Year. This was mainly due to the lack of good employment options for a number of dry bulk owners trading spot at that time, who took the advantage of the low market by using that period to repair their vessels.
Despite the increased demand for dry-docking slots, shipyards pricing policies have not changed. Price levels are maintained almost at the same record-low level as the year before. In some cases, shipyards’ prices have slightly increased their prices, but even in those cases the increase has not been proportional to the spike in slot demand. As a general observation therefore we can say that shipyards didn’t manage to get the full advantage of the increased demand during Q1 2017 and that since the repair market prices remain at record low levels, they still offer an excellent opportunity for repairs. Additionally, It is anticipated the second half of the year will be smoother, with the shipyards’ workload slightly lower compared to now.
As far as the Greek market is concerned, Chinese yards remain on top of Owners’ choice, with one out of two Greek vessels being repaired in that area. While the first-class Chinese shipyards are focusing in big projects and tanker vessels, the most ‘value for money’ Chinese shipyards offering are those to fill all of their slots first, giving by rule of thumb a 40 days’ notice requirement for a slot. Thus, the gap is filled by the medium, less-known shipyards, with relatively short reference list of foreign vessels, which are directly benefiting from the repair congestion. Those shipyards during the slack period of 2016 where unknown to the majority of ship-owners but they are now building up their reputation.
The investments on the repair facilities worldwide are at the same time moving onwards. There are several additional dry-docks to be delivered during 2017 in Turkey area. With last year’s speculations proving correct, Hyundai Heavy Industries has announced that their fifth dock at Ulsan will be used for repair works. In addition, a new repair shipyard is about to start operations in the Zhoushan area in China. All those expansions are about to put an extra pressure to the repair market sector, which will promote competition to higher levels and will squeeze further the repair prices.
Last but not least, the repair market, being always heavily concentrated on the IMO implementation of the Ballast Treatment System convention, is waiting the next convention (MEPC 71) to be materialized and to give further answers, the date of which was again pushed back, and is now expected to take place at the beginning of July 2017.
By Vassilis Vassiliou
Ship-repair Broker, Interyards S. A.
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.
|
|
Tuesday, 21 March 17
JAPAN'S RENEWED COMMITMENT TO COAL - BENJAMIN SPORTON
Japan is one of the largest economies in the world, and has long been a major consumer and importer of energy and a leader in energy technology dev ...
Monday, 20 March 17
IS THE DRY BULK INDUSTRY STILL ON TRACK FOR PROFITABILITY IN 2019? - PETER SAND
The industry remains well on target for profitable freight rates in 2019! This relies however, on the projected fleet supply growth rate of 0% in 2 ...
Friday, 17 March 17
U.S WEEKLY COAL OUTPUT VOLUME SLIDES 6.5 PERCENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ton ...
Thursday, 16 March 17
CHINA IMPOSING TOUGHER CONTROLS ON LOW-QUALITY COAL IMPORTS
China is ramping up controls on imports of low-quality coal due to concerns about smog and overcapacity in the world’s top coal consumer, a g ...
Thursday, 16 March 17
CAPESIZE: SHOWING STRENGTH; PANAMAX: VERY QUIET - FEARNLEYS
Supramax
The Atlantic market faced less activity from the USG whereas at the Cont tonnage seemed to tighten up with more cargoes emerging. Despit ...
|
|
|
Showing 2096 to 2100 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
|
| |
| |
|
