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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, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended 0700 hours 17 June 2013, Newcastle Port Corp. ...
Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent week on week but gained 0.06 percent ...
Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...
Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...
Friday, 14 June 13
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 18.20 MILLION SHORT TONS W/E 8 JUNE 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.20 million short tons (mmst) of ...
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- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
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