We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 09 May 13
DRY BULK SHIP OWNERS KEEP BUILDING NEW VESSELS ON THE BACK OF LOWER PRICES AND IMPROVED MARKET PROSPECTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite the doom and gloom that the dry bulk market has experienced during the past couple of years and especially during 2012, ship owners have increased the rate of their newbuilding orders in the sector, as they are looking for investment opportunities, trigerred by lower prices in various shipyards (close to historical lows), a factor which is difficult to be ignored by many owners. According to the latest report from Piraeus-based shipbroker Golden Destiny, "overall the past week ended with 32 fresh orders reported worldwide at a total deadweight of 2,115,200 tons, posting 61% week-onweek decrease from previous week, with bulk carriers holding 47% share of the total volume of new orders, gas tankers 34%, and containers 19%. This week’s total newbuilding business is 20% down from similar week’s closing in 2012, when 40 fresh orders had been reported, 3 for bulkers, 13 for tankers, 3 for gas tankers, 4 for liners, 2 Ro-Ro, 2 car carrier and 15 for special projects. In terms of invested capital, the total amount of money invested is estimated in region of more than $2,16 bn with 8 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money is invested in the gas tanker segment with 11 new orders, 6 for large LNG carriers, 2 for very large LPG carriers and 3 for handy LPG/ethlylene carriers", it said.
According to Golden Destiny, "in the bulk carrier segment, Japanese shipbuilding group Imabari has won an order for three handysize bulkers of 37,000dwt from Hong Kong based Uni-Asia Shipping, a wholly owned subsidiary of Uni-Asia Holdings with delivery in 2014-2016 at an estimated cost of about $24,3mil each. In addition, Atlantska Plovidba of Croatia has signed a deal with the Chinese shipyard Qingshan to build two 38,700dwt, with an option of two more. According to its statement on the Zagreb Stock Exchange, Atlantska Plovidba said that the new ships would include a new type of main engine which will use considerably less fuel than in previous ships of this type. Delivery is scheduled for the first ship in late March 2015 and on the second in late October 2015. In last, Chinese shipbuilder Yangfan Group has won Yangfan Group has won another two 36,000dwt, self-unloading bulkers from Canada Steamship Lines, bringing to four the number of self-unloaders at an undisclosed contract price with delivery in late 2014 and early 2015. In the capesize segment, Quintana Maritime of Greece is reportedly to have placed an order for two 180,000dwt vessels, with an option for two more, at Sungdong of South Korea for delivery in 2015 at an estimated newbuilding cost of about $47-$48mil" it said.
It added that "in the gas tanker segment, South Korea's STX Offshore & Shipbuilding has received an exercised option for three LPG ethylene carriers from Unigas pool of companies, one each for Othello Shipping, Bernhard Schulte and Sloman Neptun. The 12,000m³ vessels, which were part of an original order placed at the beginning of October 2012, with delivery in 2015 at an estimated newbuilding cost of $32mil each. In the very large LPG segment, Bermuda based trader Petredec is said to have signed a deal with South Korean yard, Hyundai Heavy Industries, for the construction of two 84,000cbm LPG carriers, with an option of two more, for delivery in the third quarter of 2015 for a total newbuilding cost of about $300mil.
In the LNG segment, MITSUI OSK Lines and its Chinese partners China Shipping and SINOPEC have confirmed orders of six LNG carriers, to be built by Hudong-Zhonghua Shipbuilding. The ships are to be owned by a joint venture being formed by the three shipping groups, with MOL taking a 20% stake. The LNG carriers are expected to be delivered on or before April, July and November in 2016 and March, July and November 2017. The total price of the six ships will be about $1.5Bn, with debt financing of $1.2Bn provided by a syndicate made up of the Export-Import Bank of China, Industrial & Commercial Bank of China, Bank of China, Sumitomo Mitsui Banking Corp, Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank, with Sumitomo Mitsui Banking Corp as financial adviser.
In the container segment, Bernard Schulte of German has placed an order for four more 2,300 TEU vessels at China’s Yangfan for delivery in 2015 at an undisclosed contract price. The initial order of four was placed in October last year and the owner currently holds an additional option of four more vessels bringing the total to 12. In the post panamax segment, Embiricos connected company, international Maritime Enterprises, is said to have inked a deal for the construction of two 9,000 TEU boxships at Hyundai Samho for delivery in 2014 at a cost of $81mil each", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
|
|
|
Showing 6 to 10 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Australian Coal Association
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
|
| |
| |
|
