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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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Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o- ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
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- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Australian Coal Association
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- The University of Queensland
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
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