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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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Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
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- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- White Energy Company Limited
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- The University of Queensland
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
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