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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, 29 October 12
US COAL EXPORTS ARE EXPECTED TO REACH 125 MILLION TONS THIS YEAR - EIA
COALspot.com - US coal exports are expected to reach 125 million tons this year, surpassing the old record of about 113 million tons set in 1981, sa ...
Sunday, 28 October 12
SUB-BIT INDONESIA COAL SWAPS (FOB ) FOR DECEMBER 2012 DELIVERY STAYED FLAT D-D
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery flat on D-D but gained 0.38 percent on W-W on Friday, 26 October 2012, ...
Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.
The BDI was up b ...
Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to ...
Friday, 26 October 12
DRY BULK MARKET FALLS ON WORRIES THAT RECENT RALLY WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market retreated yesterday as a result of a plunge of the Capesize dry bulk carriers' segment, after their latest rally. As a result, ...
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- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- The University of Queensland
- VISA Power Limited - India
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