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Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial problems that most ship owners are faced with since the start of 2012, appear to have steadied themselves over the course of the past week. According to the latest weekly report from Clarkson Hellas, "enquiries continue across a variety of sectors, with Dry Bulk and Containers in particular continuing to generate interest. Despite this, ordering this week has not been focused in these sectors, with the highlight of the week being another VLCC Tanker order being placed in China, only the second order of its kind this year" Clarkson said.
It added that "the past few weeks have seen a number of earning announcements being released by the Shipyards and these give an interesting insight into the state of the market. Given the pattern of ordering over the past few 18 months and its shift away from the conventional sectors, the results are perhaps not too surprising. In Korea, yards such as Samsung have announced a healthy increase in earnings and revenue, which has been supported by the success of their offshore and LNG product mix. In contrast, results from the publicly listed groups in China and some of those in Japan have been less positive, with revenues showing a decline. With the historical focus of these yards being on the Dry Bulk and other conventional markets, this really does highlight the challenging environment faced by these yards in the current climate.
To contest this, the shipyards have worked hard on their offerings over the past 18 months, not only in the form of new efficient designs, which with the recent Scorpio announcement over the positive performance of their new MR newbuildings ‐ is certainly looking like a positive step, but also in broadening their product ranges to help mitigate against specific sector demand fluctuations. With the market likely to remain challenging in the short term, it will interesting to see how successful these measures will be" Clarkson concluded.
Meanwhile, in terms of the weeks reported business; In Tankers, Dalian Ocean Shipping Company (COSCO Dalian) are reported to have placed an order with GSI (to be constructed at the Guangzhou Longxue) for 3 firm VLCC Tankers of approx 300,000dwt, with options for a further 2 units. These vessels will deliver from 2015 onwards, specific pricing has not been disclosed, but as brokers believe pricing lies in the mid USD 80s Mill. In Dry, Fednav are reported to have placed an order at Universal Shipbuilding for 1 x 25,000dwt handysized ice breaking bulker. The Polar Class 4 vessel will be built at Universal’s Tsu shipyard with the reported delivery scheduled for End 2013. No pricing has been disclosed for this bespoke vessel" the report said.
Of course, the main "weapon" in the ship owners' hands is the scrapping of older carriers, which helps the market absorb the influx of new tonnage. During the past week, according to Lion Shipbrokers, " Bangladesh and Pakistan markets are paying firm levels of $380-$410 for bulkers, $390-$430 for tankers & $385-$420 for container vessels. India remains at same levels as last week paying $410-420 for bulkers, $425-$435 for tankers and $420-$430 for containers. China has firmed paying $330-$340 for bulkers, $345-$355 for tankers, $340-$350 for containers. Turkish market is improved paying $285-$295 for bulker, $300-$310 for tankers and $295-$300 for containers" it said.
Similarly, according to Athenian Shipbrokers' comment on demolition activity, "whether the softening of market sentiment during last week in India can be attributed to the Diwali holidays or simply to cash Buyers finally succumbing to the law of demand alternatives in the Sub Continent, albeit at slightly lower rates than the ones quoted during the ‘surge’ of last 2-3 weeks. Bangladesh is showing no signs of recovery, while China seems to have gained once more market confidence as local breakers persist in offering attractive prices for Far Eastern based tonnage.
Source:Nikos Roussanoglou, Hellenic Shipping News
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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 ...
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- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
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