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Wednesday, 10 October 12
NEW BUILDING MARKET ON A QUIET WEEK, DUE TO ASIAN HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The newbuilding ordering activity has been more than quite during the course of the past week, as a result of holidays in both Korea and China. According to the latest report from Clarkson Hellas, the biggest order to be reported was from clients of CIMC, who are the listed Chinese leasing company and the largest container manufacturer in the world. "Now tha further details have become apparent, we can report that they have placed a series of ten South Americamax 9,300 TEU Vessels, with the order being split six at Dalian Shipyard (DSIC) and four at STX Dalian. It is reported that the order will be for circa USD low 80 Mills per Vessel and delivery from 2H 2014, with all the Vessels being on long term charter to CMA CGM. It is interesting that STX Dalian have been able to win some of this business, as we believed it would very much be domestic Chinese Yards that were able to be considered for this project being backed by this Chinese leasing company, however this shows STX’s further expansion into the larger container shipbuilding sector in their Chinese facility. Whilst CIMC already have the aforementioned exposure into the physical box side of the business, this will be their first foray into Ship Owning" Clarkson Hellas said.
It added that "we have now seen the global container orderbook reduce to now be only circa 500 ships on order and more importantly to just below the psychological level of less than 10% of the existing fleet on the water. Of these five hundred or so ships still left to deliver, more than 350 of these are in the larger postpanamax sector. It is interesting to compare this to the Tanker sector where we now see an almost comparable set of figures, where across the product and crude sectors only 9.8% of the existing fleet is now on the current orderbook. The dry orderbook across all sectors still has 20% of the existing fleet on order, however this is now well down on the 27% we saw as we entered 2012. In terms of other reported business an unknown Marshall Islands based owner has placed an order for a brace of cargo/passenger ships worth a combined USD 16 Mill at the Japanese Yard Kegoya Dock KK, with delivery set for the end of 2013" the report concluded.
Meanwhile, in the demolition sector this past week, shipbroker Lion Hellas reported that ", Pakistan and Bangladesh markets are stable however rates in India are increased by $10–$15 more since than last week. Subcontinent’s demo-rates are ranging between $380-$410 for bulkers, $415-$430 for tankers & $410-$420 for container vessels. Despite the holiday week in China, Chinese Market has firmed paying $300-$320, on the other hand bad times for the Turkish market that has weakened paying $280-$290 for bulkers and $300-$305 for containers & tankers" the company said. Clarkson Hellas added that " Whilst a quiet week has been experienced, mainly due to the seasonal holidays in the Far East, actual sales activity has continued in a rich vein as some Owners try to benefit from the recent spike in rates evident from India. The Indian rupee gained some strength this week against the U.S. Dollar to nearly a six‐month high of 51.41 rupees against the dollar on strong capital inflows and a firming trend in the equity market which resulted in buyers speculating on the forward market. Owners who were in a position to sell their tonnage benefited from this continued enthusiasm from the buyers and as such, achieved levels some USD 15‐20 per ldt higher than recent weeks. The problem is, as we all know, that the currency market is very volatile and many predict this sudden jump to be short lived and some now question as to how long the current positive sentiment remains. With Diwali scheduled for early November, it is hoped that Indian buyers will continue their recent aggressive stance into the foreseeable future.
Bangladesh, despite being away from the current market competition, has seen their local steel market fall again and, together with the local foreign currency issues, the expectation is that we shall not see any major competition from this destination for a month or two at least. Pakistan continues to seek tonnage but for the larger units only and thus, we will see the smaller drycargo units being taken away by their counterparts in India. China was showing some positive signs prior to their annual holiday this week, and therefore it will be interesting to see if this positive trend will continue when the market reopens next week and how the buyer’s attitude is when they return" the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship ...
Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam co ...
Thursday, 11 October 12
PANAMAX : SINCE LAST WEEK RATES HAS FIRMED FOR ALL TRADES - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to East Med were around USD 14k and B ...
Thursday, 11 October 12
DRY BULK MARKET STEADY AFTER CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet staged a solid rebound after last week's holidays in China, as many would have expected. Indeed, many analysts were ...
Wednesday, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
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- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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