We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 19 November 12
GOVT PREPARES TO FACE ANOTHER SUIT ON MINING LAW - THE JAKARTA POST
The government is gearing up to face a complaint on the 2009 Mining Law prepared by the same organization that previously brought down upstream oil ...
Monday, 19 November 12
IHS MCCLOSKEY ASIA PACIFIC COAL OUTLOOK CONFERENCE 2012
With the current global oversupply of thermal coal showing no signs of abating and spot prices falling to a two-year low, concerns are growing that ...
Sunday, 18 November 12
INDONESIAN SUB BITUMINOUS COAL SWAPS FOR JANUARY 2013 DELIVERY GAINS 1.29 PERCENT WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 1.29 percent WoW and 0.25 percent DoD on Friday, 16 Novembe ...
Saturday, 17 November 12
THE SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA ARE EXPECTED TO BE UP NEXT WEEK - VISTAAR
COALspot.com - This week market sentiments ended positive with all the segments ending higher except for handy size which was almost at same levels ...
Saturday, 17 November 12
RECORD DEMOLITION ACTIVITY SEEKS TO CURB TONNAGE OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
This year will prove to be another record-breaker in terms of scrapping of older vessels across all shipping segments, as the equally feverish pace ...
|
|
|
Showing 4496 to 4500 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Planning Commission, India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- White Energy Company Limited
- VISA Power Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
|
| |
| |
|
