We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that August is traditionally a slow month in terms of ships investment activity, ship owners have grasped this year the opportunity to close some deals, on the back of attractive pricing. According to the latest monthly report from shipbroker Golden Destiny, August 2013 ended with an upward momentum in second-hand and new building investors’ appetite, while demolition activity followed a downward incline from previous year with lower vessel removals for bulkers and tankers and almost stable volume of disposals in the container segment.
According to the shipbroker's figures, in the second hand vessel market, there were 123 vessels traded for an invested capital of more than $1.9 billion, while an additional 33 deals were reported at an undisclosed sale price. By comparison, the similar figure of last year's August was 91 vessels. Similarly, in the new building ordering business, there were 179 vessels reportedly on order this year for a total of over $9.2 billion, while 51 agreements were done at an undisclosed sum. During the August of 2012 there were 96 new orders. Finally, in terms of demolition activity a total of 48 vessels were sold for scrap, amounting to about 2.4 million dwt. The number is about half of last year, when a total of 102 vessels were scrapped.
The shipbroker noted that "the new building activity is 41% up from the number of vessels changed hands during August as the appealing bottom low new building prices and the new eco designs trigger investors’ desire for new built vessels. The threat of oversupply seems to be ignored by shipping players that hold optimistic expectations for a full upturn of the market after the end of 2014", Golden Destiny said.
It also mentioned that "the declining trend in scrapping activity combined with the accelerated new building business during 2013 create additional negative pressure in the current vessel supply-demand imbalance and narrows hopes for a full early recovery. Demolition activity stood at 73% lower levels than the strong placement of new building orders during August, with bulk carriers, tankers and containers experiencing higher volume of new building activity than last year’s levels", the report noted.
It added that "compared with August 2012 levels, S&P and New building activity recorded 35% and 86% yearly increases respectively, for all vessel types, while demolition activity showed 53% year-on-year decrease. Bulk carriers and tankers remain in the main focus for investors either for buying second-hand vessels or ordering new built vessels. In the bulk carrier segment, the S&P activity for second-hand vessels is lower than investors’ appetite for ordering due to strong placement of new orders for handy, ultramax and capesize vessel sizes. In the tanker segment, strong second-hand purchasing activity for small vessel sizes of less than 10,000dwt and MR products sustained a firm pace of investments and led the number of vessel purchases for second-hand tankers to surpass the number of new orders – 56 vessel purchases / 49 new orders. Despite oversupply issues, demand for the placement of new orders for large vessel sizes either in the bulk carrier or tanker segment represent excessive volume for August 2012 levels.
In the bulk carrier segment, 9 new orders reported in the capesize sector from only 1 new order in August 2012. In the tanker segment, 9 new orders reported in the VLCC segment from 2 in August 2012 and 10 for aframax vessels from zero reported business at similar month last year. In the container segment, the second-hand buying activity seems to follow the low pace of last year, while the repeated preference for the construction of post panamax containers led to new highs in the placement of new orders for containers (8 new orders reported for box ships of more than 10,000TEU from zero reported new building business at similar month last year)", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 01 July 15
BEIJING HAS OFFICIALLY EXTENDED BY TWO YEARS ITS SUBSIDY PROGRAM TO SUPPORT LOCAL SHIPPING COMPANIES IN SCRAPPING THEIR OLD TONNAGE - INTERMODAL
Last week, Beijing has officially extended by two years its subsidy program to support local shipping companies in scrapping their old tonnage in w ...
Tuesday, 30 June 15
Q1'16 FOB INDONESIA COAL SWAP CLOSED $ 43.45 PER MT
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and flat week over week, this past week.
The Q3 swap was decli ...
Monday, 29 June 15
CFR SOUTH CHINA COAL SWAPS UP SLIGHTLY MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 0.57 (1.11%) per MT month over month.
A commodity swap is a ...
Monday, 29 June 15
FOB NEWCASTLE COAL SWAP SLIGHTLY UP MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 0.49 per MT (1.08%) month over month to US$ 45.77 per mt. The swap was ...
Saturday, 27 June 15
THE FREIGHT MARKET WAS STEADY EARLIER IN THE WEEK; SOFTEN INTO WEEK'S END
COALspot.com: The freight market remain steady earlier in the week, but towards end of the week BDI and BCI shows some signs of softening.
The ...
|
|
|
Showing 2951 to 2955 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- The University of Queensland
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
|
| |
| |
|
