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Wednesday, 27 November 13
SHIP OWNERS ONCE AGAIN TURN TO DRY BULK CARRIERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners once again turned to more dry bulk carrier ordering over the course of the past week, as more and more appear convinced of the industry's long term prospects. In total, shipbrokers reported a total of 77 new orders for ships with an aggregate carrying capacity of 8,080,772 tons, out of which, 44 transactions were reported at an undisclosed price. According to Piraeus-based shipbroker Golden Destiny, the total amount invested stood at $1.5 billion for 33 new orders (involving many vessels each).
The shipbroker noted that out of the 77 new vessels ordered, 37 were dry bulk carriers, 14 were tankers, 6 were container ships, 2 were car carriers, 3 were gas tankers, while the remaining 15 were special projects. In total, the weekly newbuilding activity was 57% higher than last week and a rather impressive 83% up over the similar week of last year. According to Golden Destiny, "the largest volume of newbuilding activity is reported in bulk carrier segment with focus in ultramax/kamsarmax/capesize vessels and VLCC tankers. Orders for bulk carriers and tankers held 48% and 18% share respectively of this week’s ordering activity; special projects follow with 19% share and containers with 8% share", said Golden Destiny.
It added that "at a similar week in 2012, 42 fresh orders had been reported with zero reported business for tankers (9 bulkers, 6 gas tankers, 3 containers, 2 car carriers and 22 special projects). Compared with previous week’s levels, a large increase of 61% is recorded in the volume of new orders for bulkers (37 new orders from 23 last week). In the tanker segment, there is a 13% weekly decline with 14 new orders from 16 last week. In the offshore segment, there is 200% weekly increase with 15 new orders from 5 last week and high valued contracts for jack up drilling rigs.
In a separate report, Clarkson Hellas noted on the dry bulk ordergin activity that "Singapore based Cara Shipping have ordered two firm plus two option 250,000 DWT VLOCs at Beihai Shipyard for delivery in 2016. Pricing is in the region of low USD 60 Mill. At Nantong Cosco KHI (NACKS), four firm 209,000 DWT Newcastlemax has been ordered by two separate Buyers; Foremost Maritime and Winning Shipping, with delivery in 2016 and pricing circa USD 58 Mill. In the smaller sizes China Navigation (CNCo) have declared their options for four 39,250 DWT Handysize bulkers at Zhejiang Ouhua with delivery in 2016. Kouan Shipbuilding in China also received orders for seven firm plus three option 38,500 DWT
Handysize from Marine Capital. Price level is understood to be around in USD 27 Mill and deliveries are split between 2016 and 2017".
It added that there was "limited ordering in the container market with just one order to report from Ciner Denizcilik Sanayi vet Ticaret A.S. for four firm 9,040 TEU container carriers to be built at Hanjin’s Subic facility in the Philippines with delivery in 2015 for three units and 2016 for one. In other sectors Auto Marine Transport have declared the options for four 6,700 unit PCTCs at Samjin Weihai with delivery in 2015", Clarkson Hellas notedd.
More specifically on the dry bulk side, Golden Destiny reported 6 new Capesize orders:
1 new order of 205,000dwt from Oldendorff Carriers of Germany at Hyundai HI of South Korea at an undisclosed contract price with delivery in 05/2015.
2 new orders of 205,000dwt from Winning Shipping of Hong-Kong at Nantong Cosco of China for about $58mil each with delivery in 2016.
3 new orders of 180,000dwt from Scorpio Bulkers of Monaco at Daewoo Mangalia of Romania for about $54mil each with delivery in the 4Q 2015 and 1Q 2016.
Similarly, on the Kamsarmax class, there were 10 new orders: 2 new orders of 82,000dwt from Panacore of UAE at Guangzhou Longxue of China for about $27mil each with delivery in 05/2014 and 08/2014. 2 new orders of 82,000dwt from Qingdao Da Tong Int. of China at Jinling of China at an undisclosed contract price with delivery in 04/2017 and 06/2017. 2 new orders of 82,000dwt from Rizhao Steel of China at Jinling of China at an undisclosed contract price with delivery in 07/2015 and 09/2015. 2 new orders of 82,000dwt from Soloi Inc. of Greece at Jinling of China at an undisclosed contract price with delivery in 10/2016 and 12/2016. 2 new orders of 82,000dwt from Thorvald Klaveness of Norway at Yangzijiang of China at an undisclosed contract price with undisclosed delivery.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 26 November 13
EWP INVITES COAL BIDS FOR 2014 - 2018 DELIVERIES
COALspot.com: Korea East-West Power Co. Ltd (EWP) invited bids to supply 130,000MT of min 5,600kcal/kg (Sub)-bituminous Coal on NCV basis for March ...
Tuesday, 26 November 13
NEWCASTLE COAL EXPORTS SLIP 22.62% W-W
COALspot.com: In the week ended November 25, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.26 ...
Monday, 25 November 13
THE SUB-BIT INDONESIA COAL SWAP MOVEMENT IN YEAR 2014 IS STILL FAR FROM PROMISING
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 2.54 pmt month on month on Friday 22 Novemb ...
Sunday, 24 November 13
CFR SOUTH CHINA COAL SWAPS FOR Q4' 14 DELIVERY PRICE SHOWS A NEGATIVE TREND WEEK ON WEEK AND FLAT ON D-D
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.13 percept d-d on Friday 22 November 2013. The CFR South ...
Sunday, 24 November 13
SUPRAMAX FREIGHT RATES REMAINED FIRM FROM INDONESIA TO INDIA AND CHINA - SOLYM
COALspot.com: The freight market was fairly steady except for the Supramax in SE Asia region which continued to remain firm. The BDI was down by 1.5 ...
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- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
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