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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
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Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct) mainly due to drop in the Panamax index by almost 10 pct.
Th ...
Saturday, 27 April 13
HANDY : SLIDING ; PANAMAX : POSITIVE ; CAPESIZE : STILL ON ITS KNEES - FEARNRESEARCH
Handy
The Atlantic markets started sliding with no fresh cargoes seen in the market. The USG-Feast was at USD 18k and Black sea-Feast was at USD 11 ...
Saturday, 27 April 13
2ND CHINA INTERNATIONAL SHALE GAS SUMMIT
Press Release - 2nd China International Shale Gas Summit, 10-13 September 2013 | Chengdu, China
*The largest annual event for the shale gas indus ...
Friday, 26 April 13
LIMA SUMMIT IN JULY TO HIGHLIGHT LATIN AMERICAN MINING POTENTIAL
COALspot.com - Latin American mining industry officials and their private sector counterparts will be gathering in Lima, Peru on July 1-2 for the La ...
Wednesday, 24 April 13
FUTURE US POWER MARKET SHARES OF COAL, NATURAL GAS GENERATORS DEPEND ON RELATIVE FUEL PRICES - EIA
COALspot.com - In recent years, in US, natural gas competed more effectively with coal as a fuel for electricity generation as the cost of operating ...
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- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Ministry of Mines - Canada
- Parliament of New Zealand
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- The University of Queensland
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
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