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Wednesday, 11 January 12
NEWBUILDING ORDERS DECLINE, AS SHIP OWNERS REALIZE OVERSUPPLY WILL "KILL" THEM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With 2012 now underway, it will be rather interesting to see how ship owners will play the "newbuilding ordering" card to their favor, as a glut of newbuilding deliveries has plagued almost every shipping sector, from dry bulk carriers to tankers and also containers. Still, during the second half of 2011, ship owners took a step back, as there was not only a decline in the number of new orders being placed but also in the firm enquiries and discussion being held with the yards.
According to the latest weekly report from Clarksons Hellas, "we have seen some reports of new business being concluded but for the most the market remains relatively quiet, with the yards having little time to gear up their marketing drives between the return of the West from its recently concluded holiday period and the upcoming Lunar New Year holidays in the Far East towards the end of this month.
Much of the news this week has centred about the announcements by the major Korean Yards of their targets for 2012. Most of the yards have set fairly firm yearly targets, with HHI (USD 23.8 Bln up 19% from 2011), Samsung (USD 12.6 Bln up 8.7% on 2011) and STX (USD 15.0 Bln up 17% on 2011) in particular leading the pack. With many of the more conventional sectors continuing to look relatively challenging for owners over the upcoming months, it remains likely, the yards will be looking to target the higher value sectors such as Offshore and the like. This seems to follow a similar pattern to the strategies of last year and it will be interesting to see given the successful ordering in 2011 in these sectors
whether there is a similar level of demand to sustain these latest targets.
Whilst China was successful in winning a certain volume of business last year, due to the sheer size of structural capacity within China today there remain many yards that still have potential early berths within 2013. With demand likely to remain remaining limited in the short term and against this backdrop of excess supply, there may well have to be a continued adjustment in pricing in order for the yards to be able to push on and drive further ordering" said Clarksons Hellas.
In a separate report, Piraeus-based shipbroker Golden Destiny said that "some fresh activity has been revealed in the bulk carrier segment with newbuilding business still running on the low edge with shipyards finding difficulties to attract new business for 2012.
Overall, the week closed with 16 orders reported worldwide at a total deadweight of 979,298 tons, posting a 115.4 % increase since our last report of 23rd of December 2011. This week’s total newbuilding business is at lower levels of the week’s closing in 2011, when 42 orders had been reported with bulk carriers, tankers and special projects grasping 66%, 12% and 14% share respectively of the total ordering activity. In terms of invested capital, the total amount of money invested is estimated at region $1,5 bil with 81.25% of the total number of orders being reported at an undisclosed contract price. Notable ordering business has been in the bulkcarrier sector for a new design 209,000dwt vessel that will be 20% more fuel efficient than the existing designs and will feature advanced technology in order to reduce greenhouse gas emissions.
In the bulk carrier segment, Turkish player Densa Denizcilik has booked six handysize units of 36,383 dwt in Hyundai Vinashin of Vietnam at an undisclosed contract price with delivery in 2013. Chinese players also placed some new business for larger vessel sizes in domestic yards. In the kamsarmax segment, Hong Kong owner ordered two 82,000 dwt units in Taizhou Catic, while Da Tang Shipping ordered two 76,000 dwt units in Jiangnan Changxing for delivery in 2012. In the supramax segment, Marubeni Corp. of Japan placed two 58,000 dwt units in Dalian Cosco of China with delivery in 2013. Lastly Mitsui OSK Lines of Japan placed an order to compatriot Universal Shipbuilding for a new design of Capesize bulker, with the characteristics mentioned above.
In the tanker segment, Nippon Oil Tanker Corp. of Japan exercised an option for a second aframax shuttle tanker at $72,2 mil for delivery in December 2012 to transship crude oil from VLCC’s into Japanese ports, where vessel draft is too deep for vessel access. Furthermore, in the panamax /MR segment, Scorpio Tankers appears to havbe added one more 52,000 dwt unit in an order placed for five similar units earlier on May, at a price region $36,4 mil for delivery in January 2013. The sixth order includes an option for up to three more 52,000dwt newbuilding units. The first option, for a sister vessel priced at $36,4mil, must be exercised by mid-January. If that option is exercised, Scorpio will obtain a second option to order the remaining two newbuildings at $37,2 mil per unit.
In the offshore segment, Daewoo and Keppel Offshore and Marine of Singapore announced both of an order each for a semisubmersible drilling rig for a European and a Brazilian owner respectively" concluded Golden Destiny.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 30 January 14
JPU SETTLEMENT PRICE AS A BENCHMARK WILL DECLINE IN IMPORTANCE BUT REMAIN RELEVANT, SAYS WOOD MACKENZIE
JPU price will remain above spot, trending closer to spot till 2015 then increasing to 2035.
Japanese Power Utilities (JPU) are approaching a cru ...
Thursday, 30 January 14
PANAMAX MARKET IS SOFTENING ON LESS ACTIVITY IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
In the Atlantic rates have been slowly sliding but ows can still achieve decent money for TArv´s. USG positions still being fixed in re ...
Thursday, 30 January 14
TANKER PROFITABILITY IS THE 'MILLION-DOLLAR' QUESTION FOR SHIP OWNERS THIS YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market conditions are expected to remain challenging throughout the year for tanker owners, but even more pressing will be the issue of a ...
Tuesday, 28 January 14
GLOBAL COKING AND STEAM COAL PRODUCTION HAVE GROWN 2% TO 3% TO ABOUT 7.1 BILLION TONNES AS OF THE END OF 2013 - VDKI
COALspot.com (Press Release): Initial figures on the world hard coal market at the VDKi ((Association of Coal Importers - German) New Year’s R ...
Tuesday, 28 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS JUMP 13.75% WEEK ON WEEK
COALspot.com: In the week ended 27 January 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
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- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- The University of Queensland
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
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