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Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their focus has been on niche segments of the market, which are less overcrowded than more traditional parts of the market, like tankers and dry bulk carriers. According to the latest weekly report from Clarkson Hellas, during the course of the past week, there has been further ordering of course on the various conventional asset classes, but the PCTC (Pure Car and Truck Carrier) sector has again won further orders.
According to the report, "we have already seen 25 firm Vessels contracted this year in the 3,500-7,300 CEU sector and with further options due to be declared within the end of this calendar year, we might see this number creep into the 30’s. This will be the most significant ordering in this sector in recent years, with only four firm vessels ordered last year, 21 in 2010 and 12 in 2009. As we have seen in the other conventional sectors, the ship designers have been working hard and have made significant reductions in the fuel oil consumptions of these new orders compared to the Vessels already on the water. The main debate amongst the owners and operators has been over choosing a panamax (sub 7,000 CEU) or a post-panamax beam design and to this date, the more traditional panamax beam design parameter has been the one to attract the most orders" Clarkson Hellas said.
PCTCs require specialized construction. For example, the internal decks are made from thinner steel plates that require skilled welding techniques and the design of these areas must ensure maximum cargo space, flexibility and efficiency. Only a limited number of shipyards and shipping companies worldwide are equipped to build this tonnage. Technical management is also specialized. Crews must be proficient in the additional systems on board a car carrier (ramp operation, deck lifters and ventilation) and competent in handling vehicle cargoes. Seaborne vehicle trades are worldwide and evolving as they track the globalization of the vehicle market. This is positive for the PCTC market, boosting ton-mile demand while providing more resilience to car makers and more choice for consumers. In addition to passenger vehicles, PCTCs also carry ‘high and heavy’ cargoes such as construction and agricultural equipment, trucks and machinery which have their own unique trading patterns.
Clarkson Hellas said that in terms of reported business, "in the aforementioned car carrier market, STX are reported to have won an order for two option two x 6,500 CEU PCTCs. These have been ordered by clients of Zenith Partners Korea Co. and will be built at STXs main facility in Jinhae, Korea. The two firm units are scheduled to deliver in 2015 and pricing is understood to stand in the region of USD 65 Mill per vessel. Hyundai Mipo meanwhile are understood to have won a further order from the Grimaldi Group for a further pair of 28,600dwt Con-Ros. These are understood to be the declared options from their original deal for 3 units signed in September, bringing the number of vessels ordered in the series to five in total. The latest pair are also expected to deliver in 2015 and pricing understood to stand at circa USD 70 Mill per vessel.
In containers, Hanjin are reported to have won an order from clients of NSC Holding GmbH for a pair of 9,000 TEU container carriers. The deal is understood to hold options for up to as many as four additional vessels and pricing has been reported at USD 81.65 Mill per vessel. The two firm units are provisionally to be scheduled to deliver in Jul & Sep 2014. Part of the funds for this order will have come from the money Clients of NSC left behind from their cancelled order for four 13,000 TEU Vessels back in the peak of the market in summer 2007.
Finally in Dry, it was reported that U-Ming had ordered a pair of wide beamed 84K Bulk carriers at Oshima Shipbuilding for delivery in 2H 2014. The vessels were reportedly contracted at a price of circa USD 33.5 Mill which whilst seems somewhat rich, we understand this deal was concluded earlier this year, hence not only the price but the relatively early deliveries" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
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