We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 28 March 13
SHIP OWNERS KEEN ON ACQUIRING SECOND HAND TONNAGE, AS WELL AS NEW BUILDINGS IN CONVENTIONAL SEGMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship owners to stage a come back in the second hand and newbuilding markets, during the course of the past week. According to the latest report from shipbroker Intermodal, "tankers and bulkers attracted equal interest in the secodnhand market. What we hadn't seen for a long time was two VLCC sales in the same week and interesingly enough it looks like things have finally started to move in a sector that has remained sluggish for a while now, and has possibly reached more enticing price levels for potential buyers. On the Tankers side, we had the sale of the “ANTONIS” (309,371dwt-blt 01 S. Korea), which was reported sold at price of $ 26.5m by Greek buyers. While on the dry bulker side, we had the sale of the “C. S. PEGASUS” (77,663dwt- blt 98 Japan), which reportedly was picked up by Indonesian buyers for a price of $8.0m", the shipbroker said in its weekly report.
Meanwhile, in the newbuilding market, it noted that "neither tanker, nor dry bulk owners appear to be disheartened, by what is still a very difficult market, moulded almost exclusively by charterers in the most popular sectors. As in every industry that is hovering around its lows, in shipping as well, the hope that a recovery will take place in the next couple of years is fed not only by wishful thinking but also by what the market ’gurus’ are pointing to. In this case Mr. Fredriksen is definitely leading the way. With around 53 orders being confirmed so far, the leader behind Frontline, has bet across a variety of sectors. What differentiates a company like that from the rest of the shipping world though, is not only the size of the Norwegian colossus but its reputatioon as well. For those owners that are ready to push the button of the newbuilding order don't forget that although finance might be found, what is hard to secure is the siding of your investor during bad times and it is rarely any other than A-list owners achieve that. In terms of reported deals this week, US listed Teekay reportedly placed an order for 4 firm plus four optional Aframaxes (115,000dwt) at STX, S. Korea for a price of $ 45.0m and delivery in 2015", Intermodal said.
Finally, in the demolition segment, shipbroker Golden Destiny said that India has regained its strength with Bangladesh trying to compete as it still faces political issues and problems with letters of credit. In India, the upward price momentum, from last week, persists with benchmark scrap rates gaining another $15/ldt for dry/general and wet cargo and rising to $415/ldt for dry and $445/ldt for wet cargo, while in Bangladesh, benchmark prices are still floating below $400/ldt for dry cargo. In China, ship-recyclers remain quiet with no aggressive pricing as many yards have fulfilled their capacity and Pakistan remains out of the game with no success in securing new tonnage. The week has been marked with firm vessel disposals in the container segment heading in India at strong prices $450-$460/ldt. An interesting demo deal reported for a small panamax container vessel of 4,024 TEU blt 1993 with about 18,600ldt that achieved $470/ldt for India, including 280tons bunkers remaining on board.
The week ended with 19 vessels reported to have been headed to the scrap yards of total deadweight 1,022,988 tons. In terms of the reported number of transactions, the demolition activity has been marked with no change from previous week, showing 100% weekly increase in the bulk carrier segment, but 80% and 40% weekly decrease in liner and container vessel disposals. In terms of deadweight sent for scrap, there has been 49% decrease with two capesizes and one panamax bulker reported for scrap and India winning 8 of the 19 total demolition transactions. At a similar week in 2012, demolition activity was at the same current levels, in terms of the reported number of transactions, 19 vessels had been reported for scrap of total deadweight 1,208,985 tons with bulk carriers grasping 63% of the total number of vessels sent for disposal. India and Bangladesh had been offering $450-$460/ldt for dry and $480-$490/ldt for wet cargo" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 07 May 13
NEWCASTLE PORT'S COAL EXPORTS HOLD STEADY WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,975,160 tons of thermal and coking coal for week ended 0700 hours 6 May 2013, Newcastl ...
Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal pr ...
Sunday, 05 May 13
SUB-BIT FOB INDONESIA COAL - MIXED TREND; API 8 CFR SOUTH CHINA COAL - POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average June 2013 delivery has gained 0.28 percent and API 8 CFR South China Coal shipment&nb ...
Saturday, 04 May 13
INDONESIA TO INDIA PANAMAX FREIGHT : FLAT TO SOFT - CAPT. REDDY
COALspot.com - The demand for iron ore picked up and its pushed up the cape size index by 7.86 pct. Cape index closed at 1,344 points. The BDI ...
Friday, 03 May 13
US PRODUCED 17.9 MILLION SHORT TONS (MMST) OF COAL IN A WEEK
COALspot.com - U.S. produced totaled approximately 17.9 million short tons (mmst) in a week (For the week ended April 27, 2013), EIA said in its lat ...
|
|
|
Showing 4291 to 4295 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
|
| |
| |
|
