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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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Wednesday, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended 0700 hours 17 June 2013, Newcastle Port Corp. ...
Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent week on week but gained 0.06 percent ...
Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...
Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...
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 ...
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- SMG Consultants - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Planning Commission, India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
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