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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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Tuesday, 05 December 17
THE COKING AND THERMAL COAL RECORDING SMALL GAINS - DANIEL HYNES
Coal markets were higher, with both coking and thermal coal recording small gains, said Daniel Hynes Senior Commodity Strategist at ANZ in his late ...
Tuesday, 05 December 17
WEEKLY US COAL PRODUCTION ESTIMATES DIP WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.1 million short ton ...
Thursday, 30 November 17
CONTEMPLATING COAL'S CONTROVERSY AT COP23 - BENJAMIN SPORTON
Representing the coal industry at climate talks is never going to be an easy proposition. For many people, coal and climate action are incompatible ...
Wednesday, 29 November 17
THE LAST DAYS OF COAL? - ALIBRA SHIPPING
At least 15 countries have joined an international alliance to phase out coal use for power generation before 2030.
Britain, Canada, Denmark, ...
Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...
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Showing 1861 to 1865 news of total 6871 |
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- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Parliament of New Zealand
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
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