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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, 24 February 13
COAL SWAPS INCH UP WEEK - ON - WEEK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.17 percent and CFR South China coal shipme ...
Sunday, 24 February 13
BDI FELL 1.72 PERCENT BUT FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - This freight market has been fairly steady this week but, BDI fell1.72 pct and closed at 740 points.
The cape index also joins BDI ...
Saturday, 23 February 13
IHS MCCLOSKEY 20TH ANNUAL COAL CONFERENCE OF THE AMERICAS
IHS McCloskey 20th Annual Coal Conference of the Americas to be held on 13-14 March 2013 in Cartagena, Colombia
IHS is pleased to invite you to t ...
Thursday, 21 February 13
HANDY : THE PACIFIC MARKET GOT FIRMED UP AS CHINESE CAME BACK FROM HOLIDAYS - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week but rates remained unchanged as lot of ships in the market. The USG-Feast was at USD 18k and Bla ...
Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
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- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
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