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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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Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement ...
Monday, 03 September 12
SHIPOWNERS TO WAIT FOR FURTHER PRICE REDUCTIONS IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With September now upon us, shipbrokers are looking towards an interesting winter season, as ship owners are looking to capitalize on more second ha ...
Sunday, 02 September 12
ADAROS COAL ROYALTIES TO THE GOVERNMENT INCREASED BY 10.5 PERCENT Y-O-Y TO US$196.8 MILLION
COALspot.com - PT Adaro Energy Tbk (IDX: ADRO), the second largest power plant coal producer in Indonesia, announced its consolidated auditor-review ...
Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070 percent and 0.422 percent respectively on W-o-W and D- ...
Saturday, 01 September 12
PANAMAX FREIGHT RATES UNDER PRESSURE FROM LOW DEMAND - VISTAAR
COALspot.com - This week the freight market was weak with mixed results.
The BDI was down by 1.95 pct closing at 703 points, however there was so ...
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- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Planning Commission, India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Central Electricity Authority - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Vedanta Resources Plc - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
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