We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P market, as it was in the past few week. After all, prices had started to firm up quite a bit. According to the latest report from Lion Shipbrokers, "buying interest is decreasing as ships' values have firmed beyond the budget of many prospective buyers out there. We recorded less second hand transactions this week (20 sales compared with 30 sales of last week)", said the shipbroker. In a similar weekly report, shipbroker Golden Destiny reached the same conclusion, noting that there were 43 transactions reported worldwide, both in the secondhand and demolition markets, down by 38% on the week, with 42% decrease in secondhand purchases and 29% lower scrapping volumes from the activity reported in the last week.
According to Golden Destiny, "at a similar week in 2013, the total S&P activity in the secondhand/demolition market was standing at 5% lower levels, when 41 transactions had been reported and secondhand ship purchasing was standing 47% higher than the levels of newbuilding orders. The ordering appetite was minor for the main conventional vessel segments. (15 total new orders, 7 bulkers, 2 tankers, and 6 special projects)". In total, Golden Destiny reported 26 vessels changing hands for a total amount of $513,7 million, while two deals were done at an undisclosed price (10 bulkers, 10 tankers, 1 gas tanker, 1 liners and 4 containers). "Bulkers and tankers held the lion share of this week’s S&P activity -38% share each, containers 15% share, only 1 S&P deal reported in the gas tanker segment.. The highest invested capital is reported in the tanker segment for region $185 mil, due to intense S&P activity reported in the crude tanker segment", said the shipbroker.
Among the most notable deals, Lion Shipbrokers reported that in dry bulk carriers, "Hanjin’s panamax BARITO (73K BLT 1996 HUDONG/CHINA SS/DD DUE AUG 2016) has changed hands locally within South Korea, achieving a price of $7.2 mill. Price is similar to the recent deals of three years older units of HANSUNG SUNRISE (73K BLT 1993 HYUNDAI/S. KOREA) and VITAPRIDE (69K BLT 1993 IMABARI/JAPAN), illustrating the premium buyers are willing to pay extra for South Korean and especially Japanese built units. Four supramaxes changed hands this week; clients of Giavridis of Greece have acquired Japanese controlled TRITON STORK (56K BLT 2004 MITSUI/JAPAN CR 4X30T) for the market level of $21.15 mill. In an en bloc deal, clients of Thoresen of Thailand have purchased Cido’s supramax trio TOP HARMONY, TOP FREEDOM & TOP ISLAND (55K BLT 2005/05/06 OSHIMA/JAPAN CR 4X30T) for $68.9 mill ($22.6 mill, $22.6 mill & $23.7 mill respectively). Remind you that last week, similar unit SKY MARINER V (53K BLT 2005 IMABARI/JAPAN CR 4X30T) was committed for $22 mill. Modern handy WEST FORTUNE (28K BLT 2009 SHIMANAMI/JAPAN CR 4X30.T DD DUE APR 2014) commanded a firm $17.5 mill basis special and dry-docking surveys due next month", said the shipbroker.
Meanwhile, in the demolition market, Lion noted that "the Subcontinent market is stable at firm levels, with India monopolizing almost all of the reported tonnage for one more week. China remains stable at levels in the low-mid $300, same as Turkey, paying levels in the region of $300". Similarly, Golden Destiny mentioned that "India holds firm position in the demolition arena with container disposals in the panamax segment surging and yards fulfilling their capacity. The high influx of container tonnage for disposal may cause, in the short term, a downward pressure in scrap rates once the arrivals for beaching begin and yards being full of capacity. Bangladesh and China remain quiet, while in Pakistan, there is still short of activity for tanker disposals by winning this week one capesize bulker".
Demolition activity was down by 29% on the week, despite a large increase in bulker scrapping activity (up by 250% on the week). " In terms of deadweight sent for scrap, there has been 36% weekly increase with strong reported disposals for large vessel sizes, 3 capesize-2 panamax bulkers, 1 VLCC-1 panamax in the tanker segment, 2 panamax in the container. India is reportedly to have won 7 of the 17 demolition transactions, Bangladesh 0, Pakistan 1, China 2, Turkey 1 and 6 reported vessel disposals at undisclosed demo country.
Benchmark scrap prices in the Indian subcontinent region: $420-430/ldt for dry and $450/ldt for wet cargo. Scrap prices in China hover at $310/ldt for dry and $330/ldt for wet cargo.
Notable demolition transactions: Reported in the container segment, M/V “HANJIN IRENE”4,024 teu with 18,888 Ldt, built 1994 fetched $485/ldt in India asis Fujairah with sufficient bunkers for the voyage to India. At a similar week in 2013, demolition activity was up by 12%, in terms of the reported number of transactions, when 19 vessels had been reported for scrap of total deadweight 689,599 tons with 4 disposals for bulkers, 3 tankers, 8 liners, 2 containers, 1 passenger/cruise and 1 Ro-Ro. Ship-breakers in Indian subcontinent region had been offering lower levels of the current year, $385-400/ldt for dry and $420/ldt for wet cargo", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...
Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from ...
Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy
The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...
Thursday, 27 February 14
SHIPPING LOANS WORTH $5 BILLION HAVE CHANGED HANDS OVER THE PAST YEAR, AS FUNDS INVEST IN SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and ...
|
|
|
Showing 3826 to 3830 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Australian Coal Association
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- The University of Queensland
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
|
| |
| |
|
