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