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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, 30 January 14
JPU SETTLEMENT PRICE AS A BENCHMARK WILL DECLINE IN IMPORTANCE BUT REMAIN RELEVANT, SAYS WOOD MACKENZIE
JPU price will remain above spot, trending closer to spot till 2015 then increasing to 2035.
Japanese Power Utilities (JPU) are approaching a cru ...
Thursday, 30 January 14
PANAMAX MARKET IS SOFTENING ON LESS ACTIVITY IN BOTH HEMISPHERES - FEARNRESEARCH
Handy
In the Atlantic rates have been slowly sliding but ows can still achieve decent money for TArv´s. USG positions still being fixed in re ...
Thursday, 30 January 14
TANKER PROFITABILITY IS THE 'MILLION-DOLLAR' QUESTION FOR SHIP OWNERS THIS YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market conditions are expected to remain challenging throughout the year for tanker owners, but even more pressing will be the issue of a ...
Tuesday, 28 January 14
GLOBAL COKING AND STEAM COAL PRODUCTION HAVE GROWN 2% TO 3% TO ABOUT 7.1 BILLION TONNES AS OF THE END OF 2013 - VDKI
COALspot.com (Press Release): Initial figures on the world hard coal market at the VDKi ((Association of Coal Importers - German) New Year’s R ...
Tuesday, 28 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS JUMP 13.75% WEEK ON WEEK
COALspot.com: In the week ended 27 January 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
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- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- GMR Energy Limited - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
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