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Thursday, 27 June 13
DRY BULK CARRIERS DOMINATE NEWBUILDING ORDERS AS SHIP OWNERS ARE ENCOURAGED BY LATEST FREIGHT RATE RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Newbuilding orders for dry bulk carriers were already high, compared to last year, prior to the latest rally of the Baltic Dry Index (BDI), which has seen the index rising close to 1,100 points. As such, it was only natural that ever more orders for bulkers would pour in, now that the market has bounced back. According to the latest weekly report from shipbroker Clarkson Hellas, further to last week's report, "of clients of Golden Ocean placing an order for three firm plus three option Ultramax at Chengxi, we understand that Wah Kwong have declared four further options for SDARI design 64,000 DWT Ultramax at Chengxi making a total order of eight firm vessels. Delivery of these options is spread between end 2015 and early 2016. It was also reported this week that Clients of Sammok Shipping have placed an order for two firm plus two option 64,000 DWT Ultramax at New Times, with delivery of the firm vessels understood to be in the second half of 2015 and options in 2016.
This week has seen a further four firm plus four option of the SDARI 64,000 DWT design at Jiangsu Hantong. This order placed by Conti Reederei was reportedly priced at USD 24.5 Mill per vessel with delivery of all firm vessels in the first half of 2015 and options in 2015 if declared. Also in China, Marine Capital (MCL) are reported this week to have placed an order for two firm plus a total of two option Crown 63 Ultramax at Sinopacific. Understood to have been signed earlier this year, the vessels are to be built at Sinopacific’s Dayang facility with delivery from the second half of 2014. Also at Dayang, GSD Marin are reported to have declared an option for Crown 63, making a total of two firm vessels both for delivery in 2014.
In the same sector, it is also understood that Oshima SB has received an order for two firm 60,000 DWT Ultramax placed by DACC Maritime, a joint venture between D’Amico and Coeclerici. Pricing remains undisclosed, however delivery is understood to be planned for September and December 2015 for the firm vessels and 2016 for the options if declared. Finally in dry, it was reported that Nisshin Shipping has placed an order for four firm 39,000 DWT Handysize at Jiangmen Nanyang. Pricing for this deal is in the region USD 22 Mill with delivery of all vessels in 2015", Clarkson Hellas noted on the dry bulk market ordering activity.
Meanwhile, in a separate report, Piraeus-based shipbroker Golden Destiny noted that "in the newbuilding market, significant volume of business is being reported for bulk carriers and containers, with none reported activity for tankers and only 3 new contracts in the gas tanker segment for LPG carriers. Chinese shipyards appeared to have won the new business contracted in the bulk carrier segment, while South Korean yards sealed orders for large LPG carriers and post panamax containerships.
Overall, the week closed with 53 fresh orders reported worldwide at a total deadweight of 2,828,000 tons, posting 61% week-onweek increase from previous week, with bulk carriers holding 51% share of the total volume of new orders, gas tankers 5.6%, containers 17% and special projects 26.4%. This week’s total newbuilding business is down by 3.6% from similar week’s closing in 2012, when 55 fresh orders had been reported, 5 bulkers, 6 tankers, 1 gas tanker, 13 containers and 30 special projects. In terms of invested capital, the total amount of money invested is difficult to be estimated with accuracy as the contract price has not been revealed for 31 transactions. A hefty amount of money is invested in the offshore, bulk carrier and container segments for 27, 9 and 14 new contracts respectively. Compared with previous week’s levels, large increase in the volume of new orders is recorded in the container segment, 125% against 69% week-on-week increase in the bulk carrier segment", Golden Destiny said.
It added that "in the gas tanker segment, Norway’s LPG shipping specialist Solvang ordered two large LPG carriers of 60,000cbm at South Korean yard Hyundai’s Heavy Industries for delivery in the first quarter of 2015. The newbuilding cost believed to be in the region of $72mil each. In the small LPG segment, Georgas of Switzerland ordered one 5,000cbm carrier at Japan’s Murakimi Shipyard at an undisclosed contract price for delivery in 2015.
In the LNG segment, Malaysian carrier MISC is planning to expand its LNG fleet by about eight new carriers, all to be secured with long-term charter agreements with PETRONAS. The Malaysian carrier is negotiating with South Korean shipbuilders, they said, citing limited capacity in Japanese yards. The contracts are expected to be signed this year.
In the container segment, Chinese yards are in the course of a new scheme of building mega boxships to compete with South Korean. Sources suggest that French carrier CMA CGM is under plans to proceed with the construction of nine 16,000 TEU boxships with China State Shipbuilding Corp’s Shanghai Waigaoqiao Shipbuilding p via building and leasing deal.
South Korean shipbuilder, Hyundai Heavy Industries secured new business from Greek and German shipping players for post panamax vessels. Greece’s Oceanbulk Maritime placed an order for two 9,200 TEU boxships, with an option of two more, for delivery in 2015 at a newbuilding cost of about $83mil each. In addition, German’s Hamburg Sud ordered three 9,000TEU boxships for delivery in 2014 at a newbuilding cost in the region of $81-$84mil each. In the sub-panamax segment, Lomar Shipping of Greece ordered one 2,200 TEU boxship at China’s Guangzhou Wenchong Shipyard for delivery in 2014 at a newbuilding cost of about $25mil. In the offshore segment, Chinese yard Shanghai Waigaoqiao Shipbuilding’s offshore units has won its first order for the construction of two platform supply vessels from an undisclosed Singaporean owner, with an option for two more", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 28 June 13
U.S. PRODUCED 1.52 PERCENT LESS COAL WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.40 million short tons (mmst) of ...
Thursday, 27 June 13
US COAL EXPORTS BEATS CHINESE COAL IMPORTS AS THE MOST INFLUENTIAL COAL TRADE - BIMCO
The influence of American coal exports on seaborne transportation has grown significantly over the past decade. In 2002, the US exported 20.1 millio ...
Thursday, 27 June 13
HANDY : USD 12000 FOR SPOT COAL INDO/CHINA AND AROUND USD 13000 INDO/ECI - FEARNLEYS
Handy
Atlantic rates hold well. Continent to Far East is worth more than USD 14k daily whilst USG to Far East pay 23/24k a day. On the route from B ...
Tuesday, 25 June 13
CAPESIZE MARKET TO REMAIN BULLISH SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been experiencing its long-awaited rally, with the Baltic Dry Index, the industry's benchmark rising to healthier levels fo ...
Tuesday, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
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- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Planning Commission, India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
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