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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, 10 February 14
Q1 2015, API 8 CFR SOUTH CHINA COAL SWAP CLOSED AROUND $ 2 HIGHER THAN Q2 14 PRICE
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 2.61 percent month on month and closed at US$ 77.28 per mt as on Frid ...
Monday, 10 February 14
SUPRAMAX STILL AT AROUND US$ 5K + BB 50K DELIVERY KALIMANTAN FOR A TRIP TO INDIA - CAPT. REDDY
COALspot.com: The BDI was down by 1.71 pct and closed at 1091 points week ended 7 February 2014. The BDI seemed to reach the bottom as the cape inde ...
Saturday, 08 February 14
U.S PRODUCED 84.5 MMMST OF COAL IN JANUARY; 2.05% UP MONTH ON MONTH, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 07 February 14
DRY BULK MARKET ON ' REVERSE' MODE DUE TO CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its uninspiring mood throughout yet another week, with the Baltic Dry Index (BDI) hovering slightly above the 1,000-poi ...
Thursday, 06 February 14
INDONESIA'S BAN ON THE EXPORT OF RAW MINERAL ORES COMES INTO FORCE - INCE & CO
COALspot.com: On 12 January 2014, the ban on the export of unprocessed mineral ores came into effect in Indonesia. This ban enforces the Mining Law ...
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- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- The University of Queensland
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
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