We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 12 February 14
NEW BUILDING ORDERS REACHING NEW POST-CRISIS HEIGHTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are looking to take advantage of the last few attractive deals in the new building market, before prices start climbing to new highs and are piling up the orders in a frantic pace. According to the latest weekly reports from shipbrokers, activity has kept on rising, with the deals done prior to the Chinese holidays now surfacing. According to the latest weekly report from shipbroker Golden Destiny, there were orders for 103 vessels over the course of the past week. Those ships are equalling to a total deadweight of 2,959,787 tons, while 51 transactions were reported at an undisclosed prices. The invested capital for the remainder of the orders stood at $1.1 billion (52 new orders).
According to the report, in total there were orders for 43 bulkers, 28 tankers, 5 gas tankers, 10 containers and 17 special projects. These numbers translate to an increase of 134% versus the same week of 2013 (which already had seen significant increase over 2012), while on a weekly basis the increase stood at 69%. Golden Destiny noted that "the largest volume of new building activity is reported in bulk carrier with focus in the ultramax/kamsarmax/cape-size segment and in the tanker with focus on the handymax/handy size chemical segment. Orders for bulk carriers held 42% Share of this week’s ordering activity; tankers 27% share, gas tankers 5% share, containers 10% share and special projects 17% share. At similar week in 2013, 44 fresh orders had been reported with the largest activity in the bulk carrier/tanker segment -14 and 19 reported new contracts respectively. (14 bulkers,19 tankers, 2 gas tankers, 2 containers, 2 Ro-Ro and 5 special projects). Compared with previous week’s levels, a large increase of 75% is recorded in the volume of new orders for tankers (28 new orders from 16 in the last week) and 48% increase in the bulker segment (43 new orders from 29 last week). A weekly decrease of 29% is recorded in the gas segment (5new orders from 7 in the last week. In the container segment, the post panamax vessels emerged again in the frontline, while in the offshore segment, there is 325% weekly increase. (17 new contracts from 4 in the last week)", the Piraeus-based shipbroker said.
In a separate report, Clarkson Hellas said that in the dry bulk segment, "NK Shipping is reported to have extended their series of 82,000 DWT Kamsarmax at Weihai Samjin, taking the total series to six vessels. Pricing was not disclosed; however delivery of the latest two is planned for the first quarter of 2017. China Merchants Energy Shipping additionally declared four further options in a series of 64,000 DWT Ultramax at Chengxi Shipyard. The latest vessels are due to deliver in 2017, taking the series to ten vessels".
In the tanker market, the shipbroker mentioned "further orders in the VLCC sector to report this week, with clients of Oceanbulk Maritime contracting two firm 300,000 DWT crude carriers at Hyundai Heavy, both for delivery in 2016. Although contracts were signed at the end of last year, it has come to light that Clients of Neda Maritime have placed an order for two firm 110,000 DWT LR2 product carriers at Sumitomo Heavy, due to deliver in the second half of 2015".
In other segments, there was "just one order to report in the container market; UASC have taken their series of 14,000 TEU container carriers at HHI to eleven vessels by declaring a further six options. Delivery of the latest tranche is due within 2016. To remind you, UASC also has orders for five 18,000 TEU ultra large container carriers at the same yard with delivery starting in 2014. Maran Gas has declared options for the third and fourth in a series of 173,400 CBM LNG carriers at DSME, delivering in the final quarter of 2016. In the smaller sizes, clients of Brave Maritime have contracted a single 5,000 CBM LPG carrier at Sasaki in Japan, due to deliver at the end of 2014", Clarkson Hellas concluded.
DEMOLITION ACTIVITY
Meanwhile, in terms of demolition activity, which has slowed down considerably over the past few months, on the back of renewed market sentiment on the freight market, Golden Destiny noted that "Indian ship recyclers have emerged very aggressive by offering the best levels in the Indian subcontinent region for attracting new tonnage from bulkers and containers for disposal at levels far above of $400/ldt. In the meantime, the upcoming Central Elections scheduled for May 2014 in India have started to create political uncertainty that may impact negative the fierce position of Indian in the demolition scene, while Bangladesh tries to compete with the Indian offers. Pakistan still appears unable to compete with Indian rivals, while Chinese New Year has brought silent scrapping activity for Chinese demolition market".
The shipbroker added that "in terms of deadweight sent for scrap, there has been 28% weekly decrease with 3 demolition deals reported for large vessel size categories in the container panama segment (4,000-5,000TEU). India is reportedly to have won 8 of the 13 demolition transactions, Bangladesh 3, Turkey 1, while no activity is reported for Pakistan and China. Benchmark scraps prices in the Indian subcontinent region: $415-430/ldt for dry and $455-$460/ldt for wet cargo. Scrap prices in China hover at $340/ldt for dry and $350/ldt for wet cargo. At a similar week in 2013, demolition activity was up by 38%, in terms of the reported number of transactions, when 18 vessels had been reported for scrap of total deadweight 945,368 tons with 6 disposals for bulkers,2 tankers, 6 containers, 1 reefer, 1 Ro-Ro and 1 combined. Ship-breakers in Indian subcontinent region had been offering lower levels of the current year, $400-410/ldt for dry and $430-$435/ldt for wet cargo", Golden Destiny concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 21 April 14
DRY BULK MARKET UPS AND - MOST RECENTLY - DOWNS OFFERS NO ROOM FOR RELAXING AMONG DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners ...
Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter.
The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week.
The ...
Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...
|
|
|
Showing 3746 to 3750 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- White Energy Company Limited
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Videocon Industries ltd - India
|
| |
| |
|
