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Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded substantially as a result, a new weekly report from Clarkson Hellas suggests that shipyards in the Far East have resisted any significant drop in newbuilding prices for the past six months. "However, it remains to be seen whether increased levels of enquiry can outweigh sluggish charter rates and an oversupplied market to begin to push newbuilding pricing upwards. Away from the shipping market, shipyards have also had to account for a steady increase in the price of steel since September last year, which has inevitably placed further pressure on the yards to achieve an increased margin for new contracts", the report said.
According to Clarkson Hellas, "looking at the Dry Bulk market, a number of previously rumoured orders have now come to light, including Fredriksen interests boosting their already significant Capesize orderbook. Understood to have been signed last month, SWS received an order for a further 4 x 180k Capesize vessels from Clients of Frontline with pricing understood to be in the region of USD 47 Mill with delivery of all four vessels in 2015. This brings the total Frontline Capesize orders to 8 firm vessels plus two sets of options for a further 4+2 vessels. Another order thought to have been concluded last month also emerged this week with Clients of Oceanbulk Maritime contracting 2 + 2 80,000 DWT Kamsarmax at Japan Marine United (JMU). Although pricing is undisclosed, delivery of the firm vessels is planned from Q1 2014.
The total number of reported Capesize orders, excluding options, now comes close to 30 vessels, and considering further orders understood to be currently under discussion, the total Capesize orders placed in this first quarter look likely to exceed the total number placed throughout the whole of 2012", Clarkson Hellas concluded In a separate report, shipbroker Golden Destiny said that "in the newbuilding market, the first days of March ended with firm emerged newbuilding bulk carrier business in Japanese yards in all vessel sizes and strong ordering interest for capesize vessels.
Oshima Shipbuilding reported to have won an order for ultramax and panamax bulk carriers, while Tsuneishi Cebu in Philippines gained orders in the kamasarmax, supramax and handymax size. In addition, new established Japanese shipyard, Japan Marine United, is said to have sealed capesize orders from Greek players" it said. Golden Destiny added that "overall, the week closed with 40 fresh orders reported worldwide at a total deadweight of 2,649,536 tons, posting 167% week-on-week increase from previous week with significant higher volume of contracts in the bulk carrier segment, up by 1600% week-on-week with a total of 23 new contracts.
In the offshore segment, the newbuilding business was very quite loosing their first ranking position from bulk carriers. This week’s total newbuilding business is almost at similar levels from similar week’s closing in 2012, when 43 fresh orders had been reported, 17 for bulkers, 2 for tankers, 7 for gas tankers, 6 for containers, 3 passenger/cruise and 8 special projects. In terms of invested capital, the total amount of money invested is estimated in the region of about more than $1,13bn, 13 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money was invested in the bulk carrier segment, due to high volume of contracts in the capesize segment, by holding of more than 36% of the total amount of money invested in new contracts" it said.
"In the capesize segment, OceanBulk Maritime is said to have placed an order for two 180,000dwt vessels and Carras Hellas also another two similar vessels at Japan Marine United. The newbuilding cost has not revealed but it is estimated in the region of $46mil. In addition, Norwegian Frontline 2012 is said to have inked a letter of intent with Jiangsu New Yangzijiang for the construction of up to six 180,000dwt vessels, 4 with option 2 units, but price and delivery dates have not been disclosed. Furthermore, Japanese shipbuilder Mitsubish HI won an order from China Steel Express of Taiwan for two 200,000dwt capesize bulkers to be built at its Nagasaki yard. The delivery of these vessels is scheduled for second half 2014 and first half 2015, while the newbuilding cost is estimated in the region of $52,5per vessel. In the kamsarmax segment, Oceanbulk of Greece also confirmed ordering two kamsarmax vessels at Japan Marine United for delivery in 2014.
In the tanker segment, Croatia’s shipyard 3 Maj has signed a letter of intent with the Swedish shipping company Wisby Tankers to build six tankers for the transport of crude and oil products, according to the local business news portal SEEBiz. In the aframax segment, Scorpio Tankers sealed a contract for the construction of two 114,000dwt eco product tankers at Hyundai Samho HI of South Korea for delivery in the third quarter of 2014 at a newbuilding cost of $49,75mil each.
The contract includes fixed price option for the construction of two additional LR2 vessels. In the gas tanker segment, China Shanghai Waigaoqiao Shipyard won an order for the construction of two LPG carriers from Norwegian owner, IM Skaugen, for delivery June and December 2015 at a newbuilding cost of about $46mil each. The contract includes an option of two more vessels and they will be the first LPG carriers to be built by SWS yard. The vessels will have gas capacity of 17,000cum and will be powered by LNG and carry ethylene. In addition, Brave Maritime is said to have signed a contract for the construction of two 7,200cbm pressurized LPG vessels at Japan’s Kyokuyo Shipyard for delivery in the first half of 2014 at a newbuilding cost of $22mil each.
In the Ro-Ro segment, Croatian shipowner Jadrolinija has awarded the construction of its four 616 passenger, 145-vehicle ro-ros to local shipbuilder Uljanik Shipyard with delivery in 2014 at a newbuilding cost of $42mil each" Golden Destiny concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
Handy
The Atlantic remain stable with rates for FH from USG around USD 18k. The Pacific remains quiet due to Chinese New Year holidays. Rates were ...
Thursday, 14 February 13
BIMCO FORECASTS MOSTLY HIGHER DRY BULK RATES FOR THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
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- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Australian Coal Association
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
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