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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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Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
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- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
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