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