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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, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- PTC India Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- White Energy Company Limited
- Planning Commission, India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
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