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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 long term prospects of the market, thus enabling more investments towards new acquisitions. In its latest monthly analysis, shipbroker Golden Destiny noted that second hand bulker purchases during October rose by 40% year-on-year, while in the newbuilding market, activity retreated versus the flurry of ordering during September, but was still higher than the respective month of 2012.
According to the report, "overall, secondhand investments continue to record lower pace of growth compared with newbuildings and demolition activity keeps a downward incline from last year’s levels. Year 2013 is pose to end with the number of new orders surpassing 2,000 for the first time since the end of 2008 and posing a serious high risk on the optimistic expectations for an upturn of the market in the next year “2014”. Bulk carriers and tankers remain in the focus of investors for secondhand purchases with lower purchasing interest for containers. However, October ended with a higher purchasing interest for boxships from last month with focus in the sub-panamax segment", the shipbroker said.
Price-wise, Golden Destiny noted that "secondhand vessel values of bulkers keep increasing from the beginning of the year as charter rates record strong upturn from last year’s weak levels. BDI is now up by 98% year-on-year with the average value of charter rates for capesize vessels, during October, showing a 78% year-on-year increase, 157% year-on-year increase for panamax vessels and 58% year-on-year increase for supramax vessels. According to 5yrs old assessments from the Baltic Exchange, the value of a capesize vessel has shown a 21% increase since the beginning of the year by rising to about $36mil, from about $30mil at the end of October 2012".
It added that "iIn the newbuilding arena, bulkers, tankers, gas tankers and containers still record remarkable upward movements from last year’s ordering activity with the number of newbuilding orders marking new record levels for the first time since the end of 2008. In the bulk carrier segment, shipping players seem to concentrate their interest in the capesize and ultramax segment with Chinese yards winning the largest share of contracts. In the tanker segment, the ordering spree in the MR product segments seems to be endless with South Korean yards holding their leading position in securing of new contracts for such vessel sizes and also for the construction of large LPG or LNG carriers. In the container segment, October marked soft activity in the construction of post panamax boxships of more than 9,000 TEU, but investors have not yet lost their interest for such mega ships".
In total, second vessel purchases across all markets were down 4.7% month-on-month, but 11% up year-on-year, with a total of 144 vessels traded for an invested capital of more than $2 billion, while 23 S&P deals reported at an undisclosed sale price. Similarly, newbuilding orders were down 31% month-on-month and 91% up year-on-year, with 221 vessels contracted for an invested capital of more than $9,1bn, while 82 new orders reported at undisclosed contact price. Demolition activity was down 35% month-on-month and 50% down year-on-year), with 56 vessels sold for disposal of about 2,5mil dwt, 64% year-on-year decline in the number of bulker disposals.
More specifically, in the dry bulk market, newbuilding activity was down 40% month-on-month and 454% up year-on-year, in the number of new orders (72 new orders – 13 new orders October 2012). Chinese yards grasped 61% share of the new orders for bulk carriers in October with strong volume of activity in the handy and ultramax segment (44 new orders won from the total 72 new orders). Overall, capesize newbuilding orders in the frontline as 27 new contracts reported during October from zero contracting business in similar month last year. Handy (30,000-39,000dwt) and ultramax (60,000-67,000dwt) vessel sizes grasp also robust volume of orders, 16 and 13 respectively from 8 new orders placed for handy vessels in October 2012 and zero business for ultramaxes.
Dry bulk secondhand activity was 12% down month-on-month and 40% up year-on-year, in the number of secondhand vessel purchases (60 vessel purchases – 43 vessel purchases October 2012.). Finally, demolition was 38% down month-on-month and 64% down year-on-year in the number of demolitions 20 vessel demolitions – 56 vessel demolitions October 2012). Strong activity in the handy-handymax segment with only one reported vessel disposal in the panamax vessel size and no recorded scrapping activity for capesize units.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 15 November 13
TAIWAN'S PLASTICS GROUP FORMOSA TO IMPORT 1.37 MILLION TONS OF COAL FOR Q1' 14
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for total 1.37 million mt of coal for 1Q’ 14 for its various plants in Taiwan, ...
Thursday, 14 November 13
KOMIPO TO BUY 270K MT OF SUB-BITUMINOUS COAL FOR Q2' 14
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International Open Bidding for 140,000 Metric Tons (MT) of sub-bituminous coal ...
Thursday, 14 November 13
PANAMAX : MARKET SHOULD BE AROUND USD 11500 FOR 1 YEAR - FEARNLEYS AS
Handy
The Atlantic market has picked up this week with prompt ships able USG for November dates coming off and chrts need to pay up in order to cov ...
Wednesday, 13 November 13
Y'14 SUB-BIT INDO COAL SWAP MOVING AT SNAIL-SPEED
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014 delivery gained 2.95 percept month on month on Friday ...
Wednesday, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...
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Showing 4011 to 4015 news of total 6871 |
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- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
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