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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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Thursday, 06 February 14
PANAMAX: FAR EAST IS ALMOST ABSENT AND ATLANTIC ON SLOW STEAM
Handy
Due to ongoing Chinese New Year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/ ...
Wednesday, 05 February 14
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market has lost further ground this past week as activity ex-Far East disappeared into the Chinese holidays and owners id ...
Wednesday, 05 February 14
MARKET INSIGHT - TASOS PAPADOPOULOS
KNOWLEDGE TO ELEVATE
COALspot.com: Let's take a break from market prospects, numbers, order book etc. and shed some light on the conclusions of ...
Tuesday, 04 February 14
NEWCASTLE PORT'S WEEKLY COAL EXPORTS HIT NEW HIGH OF 3.53 MMT
COALspot.com: In the week ended 3 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
Monday, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
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- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Parliament of New Zealand
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- MS Steel International - UAE
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
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