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Tuesday, 31 December 13
MORE THAN $21 BILLION INVESTED IN SECOND HAND SHIP PURCHASES IN 2013
One thing that was apparent in the sale and purchasing markets during 2013 was the ship owners' larger appetite for vessel acquisitions, as most sought to take advantage of low prices, while those were still valid. In its latest weekly report, shipbroker Intermodal, noted that so far in 2013, there've been more than 1,500 deals concluded for an investment volume (from sales of which financial details were disclosed) which is over $21 billion. According to Intermodal's analysis, "the respective figures for 2012 were 1,200 deals and $14bn outlay. Compared with 2012, S&P activity on average was up by 26-27% on just about every month.
Intermodal's SnP broker, Mr. John N. Cotzias noted that dry bulk vessel prices " prices have increased significantly over the past 12 months. The most notable increase was noted in a five year old Panamax that has shot up by more than 50%. Last year, you could buy a five year old Panamax with $ 17-18m. Today with the same money you are just about purchasing a 10 yr old Panamax! Rising price didn’t deter investors from acquiring vessels. To the contrary we can say. The fact that conventional financing was practically scarce meant that a very important chunk of SnP deals was mostly financed by “own pockets” and/or alternative sources of finance", he noted.
Meanwhile, another factor which boosted vessel acquisitions was the fact that trust in the banking system was shaken this year. "The fearful and sad scenario of thousands realizing that their bank deposits could suffer a tremendous haircut over-a-weekend, as it happened in Cyprus, made many shipowners and others turn into a what appeared as a much safer investment ; Shipping", Cotzias mentioned.
In the newbuilding sector, "we had many new orders, with more than 870 bulkers, 527 Tankers, 161 Gas Carriers and 243 Containers being contracted during this year so far. The majority of these contracts have gone to Chinese builders, whose share of orders this year amounts to more than Korea’s and Japan’s shares added up together. Non-availability of slots has taken off a lot of pressure from major shipbuilders to further reduce their prices and from a point onwards they actually started to charge a premium for earlier slots. However, if we still look back, current newbuilding prices are still on the low side.
Finally, in the ever so crucial demolition segment, statistics show that "more than 50m tons of DWT carrying capacity was taken from the world active fleet, compared to more than 60m tons in 2012. Nevertheless, last year was a record year and therefore difficult to match, therefore the fact that this year’s figure stands at these levels is still very significant. India appears to have been the leading demo country in both number of ships and dwt scrapped there, while China comes second in number of ships and 3rd in dwt. Demo prices hold firm, with the average since 2009 standing above $400 per ldt, always supported by the strong demand for steel. It goes without saying that the increased demolition activity we have seen over the past 4 years, tremendously helps alleviate the pressure of new tonnage entering the active fleet.
In general, we consider 2013 to be a year of momentum, with a lot of investment opportunities being “grabbed” by a number of players in the market. We are of the strong belief and share the opinion of many shipping professionals that, as far as this cycle is concerned, “we have seen the worst… !”, Intermodal's report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
Wednesday, 25 December 13
SHIPPING : AS FAR AS THIS CYCLE IS CONCERNED, 'WE HAVE SEEN THE WORST....!' - JOHN N. COTZIAS
In a week’s time the year comes to an end. Having been a speaker in two seminars over the past 5 days I was able to see the year ending trends ...
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- Vedanta Resources Plc - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
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