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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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Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
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- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
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