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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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Thursday, 24 October 13
PANAMAX: RATES SLIP ACROSS BOTH HEMISPHERES
Handy
We were back from holidays but still not much enquiries in the market. Overall future direction is uncertain. Currently, ships passing Singap ...
Thursday, 24 October 13
SHIP PRICES ARE INCREASING ON THE BACK OF IMPROVED MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating from its recent highs, ending yesterday at 1,786 points, down 61 points on the day, with Capesizes leadin ...
Wednesday, 23 October 13
DRY BULK MARKET HAS SHOWN SIGNS OF STABILITY - INTERMODAL
Chartering (Wet: Stable+ / Dry: Stable-)
The Dry Bulk market has shown signs of stability this past week, with the sole exception of Capes, rates f ...
Wednesday, 23 October 13
MARKET SENTIMENT IN THE DRY BULK SECTOR REMAINS POSITIVE - YANNIS OLZIERSKY
Market sentiment in the dry bulk sector remains positive despite the latest correction in freight rates for the Capesize sector, which are sliding f ...
Tuesday, 22 October 13
NEWCASTLE PORT SERVED 38 OCEAN GOING VESSELS IN A WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 0.64 per cent week on week to 3.21 million mt for ...
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- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Bhatia International Limited - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
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