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Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive financing obtained in China. According to the latest shipbuilding report by Clarkson Hellas, most of the ordering has been happening in the dry bulk sector, but there have also been a number of new orders in the MR and LR2 coated tanker markets.
According to Clarkson Hellas, "the coated tanker market has seen further ordering this week, which has been focussed on MR and LR2 sectors. Clients of Flagship Marine Ventures are reported this week to have placed orders for two firm plus two option 114,900 DWT LR2 product tankers at DSME. Although pricing was undisclosed, delivery of the firm vessels is planned for the first quarter of 2015 and options also in 2015 if declared. Additionally Clients of D’Amico are understood to have declared the 7th and 8th options in a series of 50,000 DWT MR product/chemical tankers at Hyundai Vinashin. The declared options are due for delivery in the third quarter of 2015 and to be IMO 2/3 grade" said the shipbroker.
In a separate weekly report, shipbroker Golden Destiny said that "in the newbuilding market, excessive orders with ample volume of new contracts reported in the main conventional vessel segments that surpasses even the levels of new orders r in the offshore segment. The third week of May is being marked with a record newbuilding business that resembles memories of 2007 for a second time since the week ending April 26th, when 83 newbuilding orders were reported.
Chinese yards have sealed a significant amount of business with Hellenic shipowners supporting China’s shipbuilding nation after the new era of cooperation between China and Hellenic government. Bulk carriers are holding for one week more a large share of the total volume of new orders reported and appeared to be in the frontline along with special projects. In the tanker segment, newbuilding contracts reported this week come mainly from Greek shipping players. MR product vessels are holding the lion share of contracting business with South Korean yards loosing business from Chinese. The support of ship financing from Chinese primary lenders to foreign investors appears to be the competitive advantage of Chinese shipbuilders against its rivals. In the container segment, post panamax ordering spree keeps with China’s Jinhai Heavy Industries sealing this week a contract worth $2,4bn for the construction of 10 super-eco 8,800 TEU boxships" it said.
The Piraeus-based shipbroker added that "overall, the week closed with 75 fresh orders reported worldwide at a total deadweight of 5,842,534 tons, posting 168% week-on-week increase from previous week, with bulk carriers holding 31% share of the total volume of new orders, tankers 16%, containers 27% and special projects 21%. This week’s total newbuilding business is 650% up from similar week’s closing in 2012, when 10 fresh orders had been reported, 8 for bulkers and 2 for car carriers. In terms of invested capital, the total amount of money invested is estimated in region of more than $3,6 bn with 41 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money is invested in the container segment with 20 new orders, up by 1900% week-on-week, for an invested capital of more than $2,6bn. In the bulk carrier segment, the volume of new orders showed a 1400% weekly increase with 23 new orders at a total value of more than $676mil. In the tanker segment, more than $147mil is invested for 12 new contracts, showing a 1000% weekly increase from the volume of orders reported last week.
In the bulk carrier segment, Diana Shipping of Greece ordered two newcastlemax bulkers of 208,500dwt at Jiangnan Changxing of China for about $48,7mil each with delivery in 2016. In the capesize, commodities’ trading house Cargill is inked in a newbuilding deal for three 180,000dwt bulkers in partnership with an undisclosed third party at Shanghai Waigaoqiao Shipyard for a total value of around $142,5mil.
In the panamax segment, Safety Management Overseas of Greece sealed an order for two 77,000dwt vessels at undisclosed Japanese yard for about $28mil each with delivery in 2014-2015. In the ultramax segment, Germany’s Oldendorff Carriers placed two 61,000dwt bulkers at Japan Marine United for about $27miil, which seems to be an old deal. Laskaridis Shipping of Greece ordered four 64,000dwt bulkers at China’s Penglai Zhongbai Jinglu for about $24,5mil each, with an option of two more, for delivery in 2016. Laskaridis Shipping also placed an order for two kamsarmax bulkers of 82,000dwt at the same yard for about $27mil each with delivery in 2016, with an option for two more. In the handysize segment, South Korean HI Investment Securities ordered two 36,767dwt vessels at Hyundai Vinashin for an undisclosed contract price with delivery in 2014.
In the tanker segment, Angelicoussis of Greece has placed an order for three very large crude carriers of 319,000dwt at China’s SWS with undisclosed details for the newbuilding cost and delivery dates. In the aframax segment, Kyklades Maritime of Greece ordered two 99,999dwt product carriers at Hyundai HI of South Korea for delivery in 2014-2015, which is rumoured to be subject to time charter agreement with Total. In addition, Flagship Marine Ventures, a joint venture between Marine Management of Greece and Perella Weinberg Partners SA have signed a contract for two 115,000dwt vessels at South Korea’s Daewoo Shipbuilding, with an option of two more, for delivery in 2015", Golden Destiny concluded. Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Australian Coal Association
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
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