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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
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Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
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- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- The University of Queensland
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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