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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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Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
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