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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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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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Showing 4506 to 4510 news of total 6871 |
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- Oldendorff Carriers - Singapore
- The University of Queensland
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
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