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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
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Thursday, 19 March 15
HANDY: INDO COAL CARGOS DESTINED FOR INDIA BEING FIXED IN REGION OF $ 7-8K - FEARNLEYS
Handy
The Handy and Supra market has had a week with mixed signals. Although we see more activity in both hemispheres the rates are only up about ...
Thursday, 19 March 15
INDONESIAN COAL BENCHMARK SOAR 7.69% IN MARCH....!!!
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised up Indonesian coal benchmark prices to US$ 67.76 per MT in March ...
Wednesday, 18 March 15
AVERAGE RATE FOR CAPES MOVED TO BELOW $ 4K/DAY LAST WEEK - INTERMODAL
COALspot.com: The even heavier losses noted in the Capesize segment last week, denied the Dry Bulk market a third weekly positive, while the smalle ...
Wednesday, 18 March 15
PARKING THE CAPES - LINOS KOGEVINAS
It is no secret that recent times have been anything but kind towards shipping, and no sector has suffered more lately than the dry bulk one. While ...
Wednesday, 18 March 15
CHINA-OWNED SHIPS: A RAPID RISE TO BECOME ONE OF THE WORLD'S LARGEST FLEETS - RICHARD SCOTT
Ships operated by owners based in China have become increasingly prominent on the world’s sea routes. China-owned container ships, bulk carri ...
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- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
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