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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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Friday, 08 December 17
U.S. WEEKLY COAL PRODUCTION UP 11.6 PER CENT WEEK OVER WEEK, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 07 December 17
SUPRAMAX: CHINA TO INDIA FIXING AT MID US$ 8000 - FEARNLEYS
Supramax
There has been quite some activity in the Atlantic basin this week, rates out of USG are still firm, trips to Emed gone through at low/m ...
Thursday, 07 December 17
THE ROLE OF COAL - AN INCONVENIENT TRUTH - BENJAMIN SPORTON, WCA
At the climate talks in Bonn, a global alliance to phase out coal was launched. This, along with other rhetoric about developments in the energy se ...
Tuesday, 05 December 17
DOES BITCOIN HAVE A FUTURE IN SHIPPING? - ALIBRA SHIPPING
Google now receives more search requests for Bitcoin than for Kim Kardashian, Beyoncé and Taylor Swift combined. This week, a shipping compa ...
Tuesday, 05 December 17
OIL PRICES HAVE GAINED SOME TRACTION THESE PAST FEW DAYS ON TALKS OF ANOTHER OPEC & RUSSIA PRODUCTION CUT EXTENSION - GERRY LATHROP
Oil prices have gained some traction these past few days on talks of another OPEC (including non-OPEC Russia) production cut extension.
The cu ...
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Showing 1856 to 1860 news of total 6871 |
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- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
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