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Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive financing obtained in China. According to the latest shipbuilding report by Clarkson Hellas, most of the ordering has been happening in the dry bulk sector, but there have also been a number of new orders in the MR and LR2 coated tanker markets.
According to Clarkson Hellas, "the coated tanker market has seen further ordering this week, which has been focussed on MR and LR2 sectors. Clients of Flagship Marine Ventures are reported this week to have placed orders for two firm plus two option 114,900 DWT LR2 product tankers at DSME. Although pricing was undisclosed, delivery of the firm vessels is planned for the first quarter of 2015 and options also in 2015 if declared. Additionally Clients of D’Amico are understood to have declared the 7th and 8th options in a series of 50,000 DWT MR product/chemical tankers at Hyundai Vinashin. The declared options are due for delivery in the third quarter of 2015 and to be IMO 2/3 grade" said the shipbroker.
In a separate weekly report, shipbroker Golden Destiny said that "in the newbuilding market, excessive orders with ample volume of new contracts reported in the main conventional vessel segments that surpasses even the levels of new orders r in the offshore segment. The third week of May is being marked with a record newbuilding business that resembles memories of 2007 for a second time since the week ending April 26th, when 83 newbuilding orders were reported.
Chinese yards have sealed a significant amount of business with Hellenic shipowners supporting China’s shipbuilding nation after the new era of cooperation between China and Hellenic government. Bulk carriers are holding for one week more a large share of the total volume of new orders reported and appeared to be in the frontline along with special projects. In the tanker segment, newbuilding contracts reported this week come mainly from Greek shipping players. MR product vessels are holding the lion share of contracting business with South Korean yards loosing business from Chinese. The support of ship financing from Chinese primary lenders to foreign investors appears to be the competitive advantage of Chinese shipbuilders against its rivals. In the container segment, post panamax ordering spree keeps with China’s Jinhai Heavy Industries sealing this week a contract worth $2,4bn for the construction of 10 super-eco 8,800 TEU boxships" it said.
The Piraeus-based shipbroker added that "overall, the week closed with 75 fresh orders reported worldwide at a total deadweight of 5,842,534 tons, posting 168% week-on-week increase from previous week, with bulk carriers holding 31% share of the total volume of new orders, tankers 16%, containers 27% and special projects 21%. This week’s total newbuilding business is 650% up from similar week’s closing in 2012, when 10 fresh orders had been reported, 8 for bulkers and 2 for car carriers. In terms of invested capital, the total amount of money invested is estimated in region of more than $3,6 bn with 41 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money is invested in the container segment with 20 new orders, up by 1900% week-on-week, for an invested capital of more than $2,6bn. In the bulk carrier segment, the volume of new orders showed a 1400% weekly increase with 23 new orders at a total value of more than $676mil. In the tanker segment, more than $147mil is invested for 12 new contracts, showing a 1000% weekly increase from the volume of orders reported last week.
In the bulk carrier segment, Diana Shipping of Greece ordered two newcastlemax bulkers of 208,500dwt at Jiangnan Changxing of China for about $48,7mil each with delivery in 2016. In the capesize, commodities’ trading house Cargill is inked in a newbuilding deal for three 180,000dwt bulkers in partnership with an undisclosed third party at Shanghai Waigaoqiao Shipyard for a total value of around $142,5mil.
In the panamax segment, Safety Management Overseas of Greece sealed an order for two 77,000dwt vessels at undisclosed Japanese yard for about $28mil each with delivery in 2014-2015. In the ultramax segment, Germany’s Oldendorff Carriers placed two 61,000dwt bulkers at Japan Marine United for about $27miil, which seems to be an old deal. Laskaridis Shipping of Greece ordered four 64,000dwt bulkers at China’s Penglai Zhongbai Jinglu for about $24,5mil each, with an option of two more, for delivery in 2016. Laskaridis Shipping also placed an order for two kamsarmax bulkers of 82,000dwt at the same yard for about $27mil each with delivery in 2016, with an option for two more. In the handysize segment, South Korean HI Investment Securities ordered two 36,767dwt vessels at Hyundai Vinashin for an undisclosed contract price with delivery in 2014.
In the tanker segment, Angelicoussis of Greece has placed an order for three very large crude carriers of 319,000dwt at China’s SWS with undisclosed details for the newbuilding cost and delivery dates. In the aframax segment, Kyklades Maritime of Greece ordered two 99,999dwt product carriers at Hyundai HI of South Korea for delivery in 2014-2015, which is rumoured to be subject to time charter agreement with Total. In addition, Flagship Marine Ventures, a joint venture between Marine Management of Greece and Perella Weinberg Partners SA have signed a contract for two 115,000dwt vessels at South Korea’s Daewoo Shipbuilding, with an option of two more, for delivery in 2015", Golden Destiny concluded. Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 14 June 13
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 18.20 MILLION SHORT TONS W/E 8 JUNE 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.20 million short tons (mmst) of ...
Thursday, 13 June 13
HANDY: SHORT PERIOD WERE FIXED AT AROUND USD 9000 LEVEL
Handy
Despite falling rates for bigger sizes, the Supras in Atlantic are seeing some improvements with fresh biz. US Gulf positions fetching tick a ...
Thursday, 13 June 13
BIMCO EXPECTS SUBDUED CAPESIZE EARNINGS FOR THE COMING WEEKS - HELLENIC SHIPPING NEWS
Bulk is not only about China even though it is a key driver. In this section, we have taken a closer look at the European seaborne coal markets, whi ...
Thursday, 13 June 13
RIO TINTO AGREES SALE OF EAGLE PROJECT FOR AN ESTIMATED US$325 MILLION IN CASH
COALspot.com - Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in c ...
Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germa ...
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- The University of Queensland
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- VISA Power Limited - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
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