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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Heidelberg Cement - Germany
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
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