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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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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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- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Planning Commission, India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
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