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Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, as ship owners are scaling back their investments in the newbuilding market. As a result, during the past week, shipbrokers reported only limited new orders being placed in various shipyards around the world. It seems that the current oversupply issues which have plagued both the dry bulk and the tanker markets, as well as part of the container business as well, as a result of the pace of newbuilding deliveries, is one of the reasons why owners are looking to help the market "breathe", by limiting further ordering activity.
In addition to the above, the current state of the global economy and the latest world trade trends, aren't favorable for a faster absorption of these new vessels, which are currently been delivered at a record pace. Last week, the World Trade Organization downgraded its view on the projected growth of world trade for the 2012-2013 period, something already evident in many dry bulk trades, especially since China has entered a period of rebalancing and controlled growth. At the same time, another important issue for some ship owners at least, is that of financing. Finding the proper financing scheme from banks still active in the shipping sector can be a tricky thing these days. Most owners are reporting that the costs of financing have risen exponentially, especially since some banks have found themselves being ship owners, through reposessing those assets from bankrupt shipping companies. As a result, only cash-rich investors are able to take advantage of the favorable conditions now prevalent in pricing of vessels.
Still, some owners are finding it difficult to turn down ordering opportunities, since shipyards, which are eager to fill up their slots for the years 2014-2015 are offering quite attractive deals, at prices close to halved, when compared to similar orders taken during 2007-2008. But, most owners are avoiding orders for traditional-type of vessels, like VLCCs or Capesize dry bulk carriers. Instead they are looking to capitalize in the growth prospects of niche markets rising in the shipping industry, from LNG carriers, to offshore rigs and car carriers, ship owners are increasingly hunting for new business opportunities, which could yield significant financial benefits in the future.
As a result of this, Clarkson Hellas said in its latest newbuilding report, that the few number of orders reported this week, "have followed in a similar vein to recent times, with the orders either placed in the more niche sectors such as the car carrier markets, or for newer more economical conventional tonnage. Whilst global market conditions continue to remain somewhat challenging, enquiry is now beginning to pick up in various sectors, as owners increasingly look to take advantage of not only the capacity on offer at the shipyards, but also the design development work that has been carried out by them. The container market in particular is beginning to see some signs of movement, with various discussions being mooted amongst the yards and owners. This sector, like the dry and tanker sectors before it, has seen plenty of recent design improvement work carried out by the yards. With many of the yards hungry for business, this sector in particular, with its typically more complex design requirements looks an attractive option for the yards as they attempt to best utilise their available capacity" said Clarkson Hellas.
It added in its report that "in regards to the reported business; In Dry, Sasebo Heavy Industries are reported to have won two separate orders for a total of 3 x Panamax Bulk carriers. Clients of DST shipping are understood to have ordered 1 x 75,000dwt unit with delivery in 2013, whilst clients of Fundador Naviera are reported to have taken a further two units, believed to be 77,000dwt, with delivery in 2014 onwards. Pricing for these latter units, is expected to be in the region of USD 30 Mill. Jiangsu Eastern have also been reported to have won an order from clients of Oldendorff for 1 option 1 x 94,000dwt Bulk Carriers. The unit is understood to be a self‐unloading bulk carrier and delivery is scheduled within 2014. Finally in Car Carriers, DSME Mangalia are reported to have taken an order for 2+2+2 x 6,500 CEU PCTCs from clients of Ocean yield AS. Delivery for these units has provisionally been scheduled from 1H 2014 onwards. Pricing has not been disclosed" the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o- ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
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- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- The University of Queensland
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Aditya Birla Group - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Minerals Council of Australia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
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