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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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Wednesday, 15 January 14
CFR SOUTH CHINA COAL SWAPS FALL BY 6.57% MONTH ON MONTH
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 6.57 percept month on month and closed at US$ 78.90 per mt as ...
Wednesday, 15 January 14
INDONESIAN MINING LAW AVERTS BOP PRESSURE, RISKS REMAIN, FITCH SAYS
The last-minute intervention at the weekend by Indonesia's politicians to avert a significant disruption of mining activity and exports, should lim ...
Wednesday, 15 January 14
Q3 AND Q4 INDONESIAN COAL SWAPS DECLINE MONTH ON MONTH
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 1.23 pmt month on month on Friday 10 January 2014. T ...
Wednesday, 15 January 14
PANAMAX: PACIFIC - REMAINED QUIET; ATLANTIC - CONTINUED THEIR RETREAT
COALspot.com: The holiday hangover seems well underway for the Dry Bulk market that saw more ground being lost this past week. The BDI has closed of ...
Tuesday, 14 January 14
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS FALL 18.28 %
COALspot.com: In the week ended January 13, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.67 ...
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- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Australian Coal Association
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- GMR Energy Limited - India
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