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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating during the past few weeks, thus boosting overall activity in yards. According to to the latest report from Piraeus-based shipbroker Golden Destiny, the past week ended with 31 fresh orders reported worldwide, for a total deadweight of 712,900 tons, posting a 24% increase from previous week with a 1400% week-on-week decline in bulk carriers ordering activity. At similar week closing in 2011, the newbuilding business was standing at 42% lower levels than today with 18 newbuilding orders, 9 for bulkers, 1 liner, 2 passenger/cruise and 6 special projects. In terms of invested capital, the total amount of money invested is estimated at region more than $615,4 mil with 19 orders reported at an undisclosed contract price. The offshore segment appears the most overweight by grasping 62% of the total amount invested in newbuilding business, it said.
According to Golden Destiny's report, "in the bulk carrier segment, , Precious Shipping of Thailand has placed an order for two cement carriers of 20,000dwt at Chinese yards, Shanhaiguan and China Shipbuilding, as a replacement of two cancelled vessels at ABG Shipyard of India due to delays. The newbuilding cost is about $24,2mil for each vessel with delivery in 2014, with an option of one more with cancelling date March 31, 2013. Furthermore, Vietnam’s Hyundai Vinashin won an order from South Korean player, Joong Ang Shipping Co. for two 63,000dwt bulkers with delivery in September and December 2014 at a price of $25 mil each.
In addition, Chinese CSSC Chengxi shipyard has sealed a string of newbuilding orders with China Navigation ordering four more 39,100dwt bulkers from its initial order of four similar vessels in March with delivery 2013-2014. “This order represents a significant commitment by the company in the energy efficient B Delta 37 design that offers lower fuel consumption, additional cargo deadweight and cargo cubic capacity compared to the best existing designs”, China Navigation said in a statement. Chengxi will also build three 48,500dwt bulkers for domestic energy company Jiangsu Ligang Power with delivery from April 2014 and it has signed a deal with Guangzhou Maritime Transport, a wholly owned subsidiary of China Shipping, for a 65,000dwt bulker" the shipbroker said.
It added that "in the tanker segment, d’Amico International Shipping S.A announced that its operating subsidiary d’Amico Tankers Limited (Ireland) will enter into shipbuilding contracts for the construction of two additional new product/chemical tanker vessels (50,000 dwt Medium Range) with Hyundai Mipo Dockyard Co. Ltd. – Korea. These are expected to be delivered between the end of 2014 and the beginning of 2015, for about US$ 32.0 million each. d’Amico International Shipping S.A. was offered the opportunity to buy these two new vessels by exercising the option, as amended, attached to the contracts when it ordered its two ECO-40 Shallowmaxs, announced on July 26th,2012. These two newbuildings are the latest IMO II MR design with the highest fuel efficiency. Wilmar International of Singapore has placed an order for two MR 49,000dwt vessels at Hyundai Vinashin Shipyard, the joint venture between Hyundai Mipo Dockyard and Vietnam Shipbuilding Industry Corp. (Vinashin) with delivery in the second half of 2014.
In the liner segment, Rickmers-Linie of Germany has resumed newbuilding investments by contracting two 20,000dwt multipurpose ships at China’s Hudong-Zhonghua Shipbuilding. The vessels are scheduled for delivery in 2015 and will be fitted with two main cranes for combined heavy lifts up to 900 tonnes and a third crane for safe working loads up to 120 t.
In the gas tanker segment, Tomza group of Mexico is said to have signed a newbuilding contract for a very large gas LPG carrier at Hyundai Heavy Industries with delivery in July 2014 at a price of less than $74mil. The ship will be built to a new advanced design with a low consumption G-type engine, which will burn 42.9 tonnes of fuel at 16.8 knots, typically 10 tons less than most very large gas carriers.
In handysize LPG segments, Navigator Gas has secured an extension to its deadline on options for two 21,000cbm LPG newbuildings at China’s Jiangnan shipyard. In addition, Chile based owner, Ultranav, has ordered two 22,000 cum LPG vessels at South Korea’s STX Offshore and Shipbuilding as a first eco design order for that vessel segment. The vessels will also have the capacity to carry ammonia and petrochemical gases and will be delivered in August and September 2014" the report said.
Finally, "in the offshore segment, Chinese shipbuilder Jiangsu Eastern HI has won an order for a third UT 755 LN platform supply vessel from an undisclosed Norwegian shipowner, which has exercised its first option. The $9M order, which is scheduled for delivery in 2014, is in addition to its order for two UT 755 LN PSV’s reported in October and an option for a fourth vessel to be declared in January 2013. There are reportedly four further options available by October 2013. The UT 755 PSV’s are designed for transporting solid and liquid cargo to and from offshore oil and gas platforms worldwide. Chinese shipbuilder Cosco, the shipbuilding arm of China Ocean Shipping, has won its first order for the construction of a FPSO from listed Norwegian operator, Sevan Marine, for North Sea use at a cost of $370mil. The unit will be built at COSCO’s Nantong and Qidong yards and be operated in the Western Isles Project that is expected to produce 40,000 barrels of crude per day with production scheduled to start in 2015. The FPSO will have a storage capacity of 400,000 barrels of oil with 78m length and 32m height" Golden Destiny concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
Tuesday, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...
Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended 0700 hours 14 January 2013, Newca ...
Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...
Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...
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- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
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