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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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Thursday, 30 May 13
HANDY: RBCT ROUND WAS AROUND USD 9K + 300 BB - FEARNRESEARCH
Handy
THE Atlantic market remained flat. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market remained quiet with no ...
Tuesday, 28 May 13
NEWCASTLE PORT SHIPPED 9.76 PERCENT MORE COAL W/E 27 MAY 2013
COALspot.com - Newcastle port in Australia has loaded 2,420,366 tons of coal for week ended 0700 hours 27 May 2013, Newcastle Port Corp. said ...
Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment los ...
Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP) has focused on securing strategic ...
Friday, 24 May 13
US'S COAL PRODUCTION INCREASED WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.90 million short tons (mmst) of ...
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- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Parliament of New Zealand
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- White Energy Company Limited
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
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