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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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Tuesday, 19 November 13
SHIP OWNER POUR MORE MONEY INTO DRY BULK CARRIER ACQUISITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent dry bulk market's rally, coupled with an expected fall in oversupply and robust cargo demand has boosted ship owners' optimism on the l ...
Monday, 18 November 13
SUB-BIT INDONESIA COAL SWAP LOST ON WEEK; MARGINALLY GAINED ON DAY
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.25 pmt month on month on Friday 15 Novemb ...
Sunday, 17 November 13
Q4' 14 API 8 CFR SOUTH CHINA COAL SWAP CLOSED $ 3.43 PMT (4.34 %) HIGHER THAN Q1' 14 SWAP
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.05 percept d-d on Friday 15 November 2013. The CFR South ...
Saturday, 16 November 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES FIRM DUE TO STRONG COAL ACTIVITIES
COALspot.com: The Cape and Panamax index was down this week and pulling down the BDI by about 5 pct. BDI was closed at 1507 points on Friday 1 ...
Friday, 15 November 13
DRY BULK MARKET STILL LINGERING ON, DESPITE PREDICTIONS OF NEW IMMINENT RALLY PRIOR TO THE YEAR'S END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet managed to stage a new comeback after its retreat from the recent multiyear highs. Yesterday, the industry's benchm ...
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- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
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