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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, 04 August 14
Q1' 15 API 8 CFR SOUTH CHINA COAL SWAP CLOSED AT US$ 69.37 ON 1 AUGUST 2014; A $ 1.10 HIGHER COMPARED TO Q4' 2014 CLOSING
COALspot.com: Coal swap prices are showing a positive move upward this past week. API 8 CFR South China Coal swap for Q4, Q1 and Q2 2015 show ...
Sunday, 03 August 14
LACK OF COAL SHIPMENTS FROM FAR EAST/SE ASIA, THE PRESSURE ON CHARTER RATES CONTINUED THIS WEEK
COALspot.com: This week, the freight rates were almost flat as charter rates were also almost steady from last week.
The BDI was up by 2.59 pc ...
Friday, 01 August 14
UNCERTAINTY IN ASIAN COAL MARKETS WHERE INDEX-LINKED PRICING DOMINATES - SGX
COALspot.com: In the past 3 years, seaborne thermal coal markets have been in a state of constant oversupply.
Reuters expects this oversupply ...
Friday, 01 August 14
U.S PRODUCED 19.4 MMST OF COAL IN A WEEK, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...
Thursday, 31 July 14
CAPESIZE: CARGO VOLUMES, COAL IN PARTICULAR, PRESENTLY NOT SUFFICIENT TO EMPLOY A GROWING FLEET - FERNLEYS
Handy
Both the Atlantic and Pacific has improved in the supramax segment over the last week, said Fernleys in Its latest weekly report . There we ...
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- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
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