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Wednesday, 06 December 17
SHIPPING MARKET INSIGHT - VASILIS VASILEIOU
 Moving towards the end of 2017, we are facing a relatively slack period of business in the ship repair sector. The repair market has already matured and is ready to balance the highly volatile demand for ship repairs, facing slack or busiest periods with remarkable tolerance. The last very busy period for the shipyards was during the last Chinese New Year. Despite the fact that we are two months away from the next Chinese New Year, this is not expected to be the succeeding packed period for the shipyards in 2018. Instead, more business is expected to come through in H2 2018.
This foresee is based mainly on coinciding parameters like bulkers freights improvement, aging fleet, off-shore business re-bouncing and ongoing regulations harmonization. Considering all of the above, the ship repairs market is optimistic for the days coming, with solid expectations that next year prices will be slightly raised. As of now, prices remain at the rock bottom, with competition being admittedly fierce. The capacity of ship repair yards is likely going to increase, especially in Mediterranean and Black Sea region. Specifically, SEFINE Shipyard in Turkey is about to start operating their new Aframax drydock during December. Piraeus port authorities under the ownership of COSCO are waiting the post-Panamax drydock to kick off in their premises by beginning 2018. The same drydock was previously operating in COSCO LIANYUNGANG and NANTONG RUITAI.
Now, the shipyards are getting ready for the first wave of ballast system retrofits. The number of the retrofits is manageable from the available repair facilities since the last extension by IMO has eased the pace of the implementation. The Greek shipping community is very cautious on their choices trying to make the perfect combination of Maker, shipyard and engineering house. Apart from the price of the retrofit, which remains one of the most important criteria, Maker’s sustainability, product credibility and after sales market are also important parameters to be considered.
Ballast system retrofits are not the only thing keeping ship repair yards busy these days though. Shipyards and engineering houses have been recently focusing a lot on which way to develop the upcoming necessity of the new regulations for emissions control. Owners must comply with specific emission reductions criteria, either while sailing in SECAs areas (which are continuously expanding) or while getting prepared for the IMO Global Sulphur Cap by 2020. Compared to Water Ballast system regulations, the picture is completely different in this case since there is a retrofit payback period and even in some cases a profit for ship Owners. It all depends on the time their fleet is sailing on SECAs areas, the remaining ship life, low Sulphur fuel oil availability and price and of course retrofit cost. Therefore, shipyards may get involved with Owners decision either to install an exhaust gas cleaning system (scrubber) or to proceed to a major modification switching their systems to alternative liquefied natural gas fuel (LNG). If none of the above, Owners have to consume low Sulphur heavy fuel oil, availability and price of which is still questionable from region to region.
Ship repairs at a glance. The U.S., the Latin America and West Africa remain regions where only vessels with restricted operation in these areas will use their facilities. The West and North Europe regions are the preference for these vessels making solely transatlantic voyages. Singapore and Middle East Gulf is specializing in non-conventional fleets, gas and tanker vessels. Black sea, Turkey and especially China are dominating the bulk carrier market.
By Vasilis Vasileiou
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.
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Thursday, 21 December 17
FUEL SHORTAGE TRIGGERS JUMP IN COAL PRICES - CHINA DAILY
China’s thermal coal prices jumped recently as natural gas shortages across the north spurred an unexpected resurgence in demand for coal-fir ...
Thursday, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
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Showing 1846 to 1850 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
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