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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.
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.
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Wednesday, 29 November 17
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
In line with most expectations for the end of this month, during the past days the Dry Bulk market realized a significant rebound that sent the BDI ...
Tuesday, 28 November 17
THE DRY BULK MARKET HAS SHOWN A REMARKABLE RECOVERY THIS YEAR - GEORGE LAZARIDIS
The Dry Bulk market has shown a remarkable recovery this year with the average earnings having increased by around 63% this year so far compared to ...
Friday, 24 November 17
U.S. PRODUCED 14.9 MMST FOR THE WEEK ENDING NOV 18; UP 0.9% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
Thursday, 23 November 17
PANAMAX: ANOTHER SLOW AND UNEVENTFUL WEEK; DECREASING FREIGHT RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
A quiet start to the week. USG closed last week a bit tighter, and continued into the new week on a positive tone with little concluded, ...
Wednesday, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strateg ...
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Showing 1866 to 1870 news of total 6871 |
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- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
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