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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 (LDT), considered small tonnages and bearing the name "Chotta Jahaj" in the local market, are usually commanding less rates in the demo market. According to Star Matrix, "they normally find end of life voyage to Mumbai ship recycling yards and hence a complete change in ship breaking estimation and costing applies to it. In comparison to alang, the yards in Mumbai are rented on per ship basis and hence the cost is derived on the time taken to break the ship, GRT/NRT, light ship and BPT (Bombay port trust) approvals/fees per ship. With 12-15 breaking plots, on the rental basis, the breaker is at the mercy of Bombay port trust, for the permissions and the approvals of breaking a particular ship" Star Matrix noted in its weekly update.
It added that "a wrond description can put owner, cash buyer and breaker in the soup of delays on permit for beaching. If the owners/cash buyers, miss the laycan, chances are that the owner/cash buyer will be left high and dry by the breaker in Mumbai, as he then misses out the plot to the breaker who is committing the beaching of his bought ship at the yard. The price per lightship is less as compared to Alang, as there are other charges of excise duty 14.76 PCT, octroi 5 PCT and other additional taxes which comes out to around 3 PCT in all; hence an overall increase in 22 PCT of the price of the ship purchased for demo in Mumbai shores.Hence there is a lower cost per ldt while offering for Mumbai shore. None the less Mumbai , has been breaking approx. 60 small ships a year, which approx. 300,000 MT of recycling steel i.e 10 pct of the number of ships that alang breaks and 5 pct of steel recycled through alang yard", Star Matrix said.
It also noted that "none the less, the price quoted by cash buyers for small tonnages are always basis delivery option for alang/Mumbai India, hence giving all the benefits to the owners for the market based in alang, and giving owners a top dollar from Indian markets. Reefers are banned, container,bulker are of highest preference, tankers and Ro-pax are not preferred" Star Matrix concluded.
Meanwhile, in the demolition markets this week, the final of 2012, "India makes history in terms of maximum number of ships beached this year, with 527 vessels making an average of 1.4 ships beached per day. With 5.2 Mil Metric Ton being recycled from ships, Ship Recycling in India contributed to 9 Pct of total steel manufactured in India. This week though not much activity in international market, few owners are negotiating pvt deals and hence keeping cash buyers at work. 12 vessels waiting for tide to beach, and 5 ships expected to arrive, During the final week of this year's December, a total of 52 ships were recorded arriving in Alang. There has been decent stability in INR with week ending at 54.87 making favourable markets" the report said.
In Bangladesh there was optimism, but more movements are expected by mid-January 2013. Hence will attract bigger vessels for respective yards .LC issues are being resolved, breakers are opening LC to acquire confident tonnage, but renegotiation still remains the game in the yard.
China's demolition market has again geared up with a little influx in price, hence now opening doors for owners to have a very competitive offers basis delivery India, Pakistan, Bangladesh and China. Developing a healthy negotiating scenario across the Ship breaker, cash buyers, brokers and owners for the sale of the demo candidate.
In a separate weekly update, Hellas-based Athenian Shipbrokers noted that "the holiday spirit appears to have caught up with the market, as especially sub-Continent breakers maintain and enhance the cautious climate observed during the past few weeks. It is noticeable that only few sales of tonnage have bNicaraguan President Daniel Ortega seeks foreign investment from Brazil, China, Russia and Venezuela to help build the waterway. Ortega looks to the plan as an alternative to the Panama Canal, fulfilling a national dream more than 150 years in the making.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 28 January 13
BAYAN RESOURCES TO SELL 18 MILLION TONS OF COAL TO GNPOWER MARIVELES COAL PLANT
Publicly-listed PT Bayan Resources announced on Friday that it had signed an agreement on coal sales with Philippine-based GNPower Mariveles Coal Pl ...
Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...
Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR
COALspot.com - The freight market was soft and all the indices were down except for handy size.
The BDI was down 4.66 pct closing at 798 points.. ...
Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...
Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slow ...
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- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- PTC India Limited - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Planning Commission, India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
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