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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, 13 June 13
HANDY: SHORT PERIOD WERE FIXED AT AROUND USD 9000 LEVEL
Handy
Despite falling rates for bigger sizes, the Supras in Atlantic are seeing some improvements with fresh biz. US Gulf positions fetching tick a ...
Thursday, 13 June 13
BIMCO EXPECTS SUBDUED CAPESIZE EARNINGS FOR THE COMING WEEKS - HELLENIC SHIPPING NEWS
Bulk is not only about China even though it is a key driver. In this section, we have taken a closer look at the European seaborne coal markets, whi ...
Thursday, 13 June 13
RIO TINTO AGREES SALE OF EAGLE PROJECT FOR AN ESTIMATED US$325 MILLION IN CASH
COALspot.com - Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in c ...
Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germa ...
Wednesday, 12 June 13
INDONESIAN COAL PRICE REFERENCE SLIDES TO 2013 LOW
COALspot.com - Indonesian Coal Price Reference continues to take its lumps this month, dropping about 0.54 % and hitting a 2013 low. The Indonesian ...
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- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
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