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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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Monday, 09 February 15
Q2' CFR SOUTH CHINA COAL SWAP DECLINED 3.28% TO $ 56.92 W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 1.93 (-3.28%) per MT month over month and US$ 0.10 (-0 ...
Sunday, 08 February 15
BDI FELL CONTINUOUSLY HIT A THREE DECADES LOW
COALspot.com: This week Baltic Exchange Dry Freight Index (BDI) fell continuously hit a three decades low.
The BDI continuously fell and was d ...
Friday, 06 February 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 1.1% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 20.1 million short tons (mmst) of coal ...
Friday, 06 February 15
SHIP DAMAGED BY FIRE CAUSED BY PIRATES FOUND TO BE CONSTRUCTIVE TOTAL LOSS - TAYLOR WESSING
KNOWLEDGE TO ELEVATE
The High Court was asked to determine a number of preliminary issues, including whether a vessel was a constructive total ...
Thursday, 05 February 15
BDI HAS NOW FALLEN A LEVEL CLOSE TO THE INDEX'S HISTORIC LOW - INTERMODAL
They say a picture is worth a thousand words and in this instance just one look at the tables above is enough to understand the great pressure the ...
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Showing 3211 to 3215 news of total 6871 |
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- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- ICICI Bank Limited - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
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