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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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Sunday, 07 September 14
FREIGHT MARKET CONTINUED TO BE FIRM IN SPITE OF CAPE'S THIS WEEK'S WEAK PERFORMANCE
COALspot.com: BDI up by 0.7 pct week on week and closed at 1155 points this week. The Baltic Dry Index is a composite of three sub-indexes that mea ...
Sunday, 07 September 14
SHIPMANAGERS SUPERVISION CONTRACT FOR NEWBUILDS - BIMCO
Shipmanagers are frequently called upon by their owner clients to supervise newbuilding projects on their behalf. The scope of the manager’s ...
Saturday, 06 September 14
SLOW COAL EXPORT REGISTRATION RAISES CONCERNS - THE JAKARTA POST
Several coal mining companies have yet to receive the go-ahead from the Energy and Mineral Resources Ministry to obtain exporting licenses, leading ...
Saturday, 06 September 14
DRY BULK MARKET'S PROSPECTS ARE IMPROVING, DESPITE WEAK SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been rebounding during the past month, with the Baltic Dry Index (BDI) ended the week on a high note, reaching 1,155 points ...
Saturday, 06 September 14
INDONESIA WANTS TO REGULATE COAL DEALS - THE TELEGRAPH INDIA
Indonesia has raised concerns about suspected coal deals struck between overseas buyers and its unregistered domestic miners, the telegraph India r ...
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- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Parliament of New Zealand
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- MS Steel International - UAE
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
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