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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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Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* mill ...
Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...
Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...
Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...
Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
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- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- VISA Power Limited - India
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
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