We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 31 August 12
ADVERSE SHIPPING MARKET CONDITIONS SHORTENS LIFE SPAN OF VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The adverse conditions which have been put in place in the world's freight markets, means that ship owners are forced to scrap vessels of a much yo ...
Thursday, 30 August 12
INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 7K FOR DELIVERY SINGAPORE - FEARNLEYS AS
Handy
The Supra market continued its negative trend with little fresh business entering the market. Continent positions fixed around USD 4k for tri ...
Thursday, 30 August 12
DRY BULK MARKET STILL LOOKING OUT FOR BETTER DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With things in China moving slowly this week, as a result of holidays, it’s no surprise that the latest positive trend in the dry bulk market ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART TWO - JOSEPH KIRSCHKE
One of the most prominent casualties of Canada's entry into the Colombian mining sector has been a priest named Jose Reynal-Restrepo. Last Septembe ...
Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
|
|
|
Showing 4596 to 4600 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
|
| |
| |
|
