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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, 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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- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- The University of Queensland
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
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