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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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Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
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- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
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