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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, 17 February 14
Q1 2015 COAL SWAPS CLOSED $ 2.21 HIGHER THAN Q2 2014 SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 3.16 percent month on month and closed at US$ 76.12 per mt as o ...
Sunday, 16 February 14
SUPRAMAX : THE FAR EAST/SE ASIA CHARTER RATES FIRMED UP
COALspot.com: The freight market had a mixed reaction this week with BDI increased by 1.37 pct and closing at 1106 points on Valentine day. The cape ...
Friday, 14 February 14
US COAL PRODUCTION STILL SLIPPING
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.9 million short tons (mmst) of coal in ...
Thursday, 13 February 14
PANAMAX : NOT ENOUGH REQUIREMENTS TO KEEP THE ATLANTIC MARKET FLOATING - FEARNLEYS AS
Handy
After the Chinese holidays the week started on a positive note. Owners are talking higher rates but chrtrs are still somehow reluctant to mov ...
Thursday, 13 February 14
DRY BULK MARKET FACES BETTER PROSPECTS ON THE BACK OF IMPROVING DEMAND AND SUPPLY BALANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has started off the New Year on the "left foot", with the strong finish of 2013 proving to be unsustainable, on the ba ...
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- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Planning Commission, India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
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