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Tuesday, 30 October 12
NEW BUILDING ORDERING ACTIVITY KEEPS ON RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Ship owners have refrained from placing any new orders of vessels during the course of the past few days, according to shipbroker reports. According to Clarkson Hellas, "it has been a particularly quiet week this week in the Newbuilding market and for one of the few times this year we have witnessed no new reports of business being concluded at any of the major shipyards, at least within the conventional sectors. Despite this temporary lull in contracting activity, the market has continued to remain somewhat active with enquiries still being made across a variety of sectors ‐ in particular within the Dry and Container markets. Despite the continued challenging circumstances within the global shipping markets, the continued availability of competitively priced Newbuilding capacity, itself focused around the latest efficient designs, continues to generate interest amongst owners in the yards latest offerings.
This has in particular been witnessed, at least in recent weeks, with orders for efficient Handysize & Kamsarmax Bulk carriers, as well as smaller feeder containerships in China and it should be expected that further similar orders will surface over the coming weeks as more owners take advantage of the continued potential availability of Newbuilding capacity" said the report.
It also mentioned that "the additional challenge for the yards this year within the Newbuilding market, has been that of the availability of resale tonnage. This continued availability of distressed/resale tonnage within the market and the subsequent disparity in pricing between these vessels and potential newbuilding has certainly acted as somewhat of an additional obstacle to further ordering, despite the depressed earnings amongst vessels over the last few months. That being said however, with the differential in performance and efficiencies between the existing fleet and the latest generation of designs continuing to grow, we do not expect this will continue to be the case" Clarkson Hellas concluded.
Meanwhile, in the sale and purchasing activity front, the shipbroker noted that "this week has seen activity in the 1990s built age group continue strongly. Undisclosed Greek interests are understood to be behind the purchase of the M/V MATILDE (160,013 dwt 1997 blt Hyundai) at around US$ 12-12.5m and M/V RUBIN ACE (151,279 dwt 1996 blt NKK) for region US$ 10-10.5m. Elsewhere in this age group; German owners are understood to have committed the M/V POWHATAN (70,153 dwt 1995 blt Sumitomo) to undisclosed interests for a level of circa US$ 7m. The Handymax M/V SUNNY GLORIA (45,715 dwt 1998 blt Tsuneishi) reported sold at US$ 9.5m to Bangladeshi buyers while the Japanese-built handy M/V C. S. VICTORY (32,385 dwt 2003 blt Kanda) was sold for about US$ 10.9m.
It was a quiet week for the Tanker S+P market. The VLCC M/T ALGARVE (298,969 dwt 1999 blt Daewoo) reported sold to offshore buyers MODEC at region US$ 35.8m for conversion to a FPSO. It must be noted that this sale was concluded few months ago basis long subjects. In the products sector, Clients of d'Amico have sold the IMO II/III M/T HIGH WIND (46,471 dwt 1999 blt Daedong) to Sinoenergy at US$ 12.2m" the shipbroker concluded.
In a separate note, Lion shipbrokers added that "on the dry-bulk side, we understand that Japanese controlled cape RUBIN ACE (151K BLT 1996 NKK/JAPAN LDT 17757) was sold on private basis to clients of N.G. Moundreas of Greece for $10.5 mill. Late nineties panamax CEMTEX RENAISSANCE (71K BLT 1998 HITACHI/JAPAN) is committed for a soft $8.7 mill to undisclosed interests. Bangladeshi buyers are linked with purchases of two handymaxes this week at firm levels; Japanese controlled SUNNY GLORIA (45K BLT 1998 THUNEISHI/JAPAN) attracted a punchy $9.4 – $9.7 mill from clients of Symphony while older unit ROGUE (42K BLT 1991 OSHIMA/JAPAN LDT 6531) fetched the solid price of $5.8 mill.
We picked up that Greek buyers have bought 5 year old handy CLIPPER GLORY (30.5K BLT 2007 SHANGHAIGUAN/CHINA CR 4X30T) for high $11 mill. Remind you that her exact sister CLIPPER GRACE was reported sold one month ago for $11.3 mill also to Greeks. Japanese controlled C. S. VICTORY (32K BLT 2003 KANDA/JAPAN) is sold for $10.8 - $11 mill to Greek buyers, same level with end August’ sale of one year older sister IVS KESTREL (32K BLT 2002 KANDA/JAPAN) for $10.8 - $11 mill to Far Eastern buyers. Vintage handy ROYAL RUBY (27K BLT 1985 MITSUI/JAPAN LDT 5672) achieved the price of $2.8 - $2.9 mill by Chinese interests as well as smaller handy TASMAN ID (21K BLT 1994 SAIKI/JAPAN LDT 5204) for $4.5-4.9 mill" Lion noted among others.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 27 November 12
NEWCASTLE PORT HAS SHIPPED 1.79 MILLION TONS OF COAL W/E 26 NOVEMBER
COALspot.com - Newcastle port in Australia has loaded 1,793,841 MT of thermal and coking coal for week ended 0700 hours 26 November 2012, Newc ...
Sunday, 25 November 12
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO BE FIRM - VISTAAR
COALspot.com - The freight market was buoyant this week with all sectors up except for the Cape size index. The BDI was up by 5.21 pct closing at 10 ...
Sunday, 25 November 12
INDONESIAN SUB BITUMINOUS COAL SWAP CONTRACTS SLIDE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for February 2013 delivery lost 0.76percent WoW but gained 0.16 percent DoD on Friday ...
Saturday, 24 November 12
DELTA DUNIA MAKMUR PRODUCES 3.2 MILLION TONS OF COAL IN OCTOBER
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 31.1 million bcm* (-4.0% YoY) of Overburden in October 2012 totaled while coal production was ...
Friday, 23 November 12
CHOOSING THE RIGHT TIME TO INVEST IN NEW VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Shipping is all about timing, a process often rising to the height of artform, as ship owners are having to pick the exact moment of selling most of ...
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- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- The University of Queensland
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
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