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Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling their older vessels and, thus, helping remove part of the tonnage which has been looking for cargoes to no avail. With the dry bulk carrier fleet still on the rise, in a much faster pace than the increase of cargoes available, owners have no choice but to make room for the younger vessels entering the fleet.
According to the latest update on demolition activity from Athenian Shipbroker, “the total estimated capacity of tonnage recycled up to now this year has surpassed the whole turn-round for the year 2011, however sentiment in the recycling market continues to weaken as is evident from the sliding prices on offer by both Indian and Pakistani breakers. The Bangladeshi market seems to have been hit the hardest, with levels presently ranging between usd 370-395/ton and plenty of vessels that are already in cash buyers hands awaiting resale to local shipyards. while China remains pinned down due to local market woes, it is expected that even more tonnage will be diverted from the Pacific Basin towards the still more active sub-continent. What the impact of the continuous stream of vessels heading for demolition will spell for prices on offer remains to be seen” said the shipbroker.
In a separate report Lion Shipbrokers noted that “this week’s subcontinent’s rates continue to deteriorate (about $10 since last week) due to vast oversupply of tonnage. Cash buyers and scrap-yards alike, are “cherry-picking” available ships in the demo-market, thus driving prices further down. Rates are currently ranging between $380-$400 for bulkers, $395-$410 for tankers & $395-$405 for container vessels. China is soft paying $290-$305 while Turkey has weaken by $10 paying $305-$310 for bulkers, $320-$330 for containers & tankers.
Meanwhile, in the newbuilding markets this week, according to Clarkson Hellas, "whilst the World's shipbuilders converged in Hamburg last week for SMM 2012, with seemingly busy diaries, we are unfortunately yet to see too much fresh interest emerge from this and new enquiry continues to remain somewhat subdued. Despite this, the week has still seen some reports of new orders being placed, although these in the slightly more niche sectors such as the Car Carrier, Shuttle Tanker and Gas markets, which continue to offer the shipyards support. The overall market conditions continue to remain a challenge for the shipyards. Over the next 6 months, we continue to expect to see a consolidation of shipyard capacity (within China in particular), as a number of yards look to scale back their production and in doing so try to limit their exposure to lower priced contracts" mentioned Clarkson Hellas.
It added that "that being said, the number of contracts placed YTD stands at only 60% of last year’s equivalent (725 vessels in 2012 to date, compared to 1156 contracted Jan‐Sep 2011) and because of this there remains a large amount of production capacity still available from the yards in 2014. As witnessed throughout the year, competition amongst the yards will continue to remain fierce within the conventional sectors. Levels of demand in the market continue to remain limited and are being caused by the tight fiscal circumstances that many owners find themselves forced to operate in. This situation remains unlikely to change in the short term and therefore do expect competitively priced opportunities, including for the very latest economical designs, will become increasingly prevalent amongst the yards as they look to fill their outstanding production slots.
In terms of reported business; In Tankers, clients of AET Tanker Holdings are reported to have placed an order for a pair of 120,000dwt DP2 Shuttle Tankers at an un‐named Korean Shipyard. The yards, which we understand to be Samsung Heavy Industries will deliver the vessels from within 2014. Pricing has not been disclosed. In Gas, Hudong are reported to have won the order from China Shipping LNG for 4 x 174,000cbm LNG carriers. The vessels are expected to deliver from 2015 and through to 2017 but again no specific pricing has been mentioned, for this domestic order. The deal is understood to have options for a further 2 units attached.
Finally, Hyundai Mipo are reported to have won an order for one additional 6,600 CEU PCC from their existing client Ray Shipping. This will bring the total number of these units on order at the yard to 6 vessels and this latest unit will also deliver in 2014" the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
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- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Minerals Council of Australia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
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