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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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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
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