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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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Thursday, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...
Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended 0700 hours 31 December 2012, Newc ...
Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...
Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP), has issued an new tender for prompt supply of 280,00 ...
Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...
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- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
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