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Wednesday, 12 March 14
DRY BULK VESSELS STILL THE CREAM OF THE CROP FOR SHIP OWNERS
Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and newbuilding ordering activity reported over the past week. With the Baltic Dry Index (BDI) on a recovery mode (now well over the 1,500-point mark), this trend is only going to intensify in the coming weeks, especially given the fact that financing options are increasing, with the rise of private equity funds and investors, looking to exploit the looming upward cycle of the shipping market.
According to the latest weekly newbuilding report provided to Hellenic Shipping News Worldwide (www.hellenicshippingnews.com) from shipbroker Clarkson Hellas, there was "a significant volume of ordering to report across the dry sector. "Jiangsu Eastern has announced an order for four firm plus four option 208,000 DWT Newcastlemax. As of yet, the buyer is unknown, however delivery is due from the middle of 2016 onwards. Although understood to have been concluded some time ago, it has come to light this week that NACKS has taken an order for two firm 209k Newcastlemax from RGL Shipping, with delivery of both vessels in the second half of 2016. Also at Jiangsu Eastern, Oldendorff has added an additional 97,000 DWT post-panamax bulker. This takes the total order to two, with delivery of the most recent vessel in mid-2015. Also this week, clients of Paragon Shipping announced an order for three firm 81,800 DWT Kamsarmax at Jiangsu New Yangzijiang. The order is understood to include a number of options, with delivery of the firm vessels from the second quarter of 2015".
Clarkson Hellas also noted "a significant order at Sainty Marine, with Precious Shipping announcing a total of 10 x 64,000 DWT Ultramax, due for delivery from the second quarter of 2015 onwards. At Hantong, Spar Shipping have declared a further four options for 64,000 DWT Ultramax. The latest vessels are due to deliver in 2015/2016 and takes the total series to six vessels. Portline S.A. have placed an order for three 61,000 DWT Ultramax at NACKS/DACKS, with delivery in 2016. A number of options declared by D’Amico, with the addition of two of each 39,500 DWT Handymax and 64,000 DWT Ultramax at Zhejiang Yangfan, due for delivery from 2016 onwards. Lastly in dry, Uni-Asia Finance Corp announced the addition of the fourth vessel to a series of 37,000 DWT Handysize at Imabari, with the latest due to deliver in the second quarter of 2015", said the shipbroker.
It concluded by noting that "the other markets have been relatively quiet this week; One order to report in Gas, with Kumiai Senpaku understood to have ordered a single 84,000 CBM LPG carrier at HHI, with delivery in the final quarter of 2016. In other sectors, United European Car Carriers (UECC) announced an order for two 3,800 unit PCCs at NACKS. Both vessels are planned for delivery in the second half of 2016", Clarkson Hellas said.
In a separate report on the secondhand market, Lion Shipbrokers said this week that the market benefited from the improved sentiment which prevailed in the dry bulk market. Lion noted the following deals: "Cido’s panamax TOP GLORY (76K BLT 2005 TSUNEISHI/JAPAN) has achieved a price of $22.8 mill from clients of Target Marine of Greece, same level with the sale of her sister TOP ETERNITY two weeks ago (also sold to Greeks). It is rumoured that Chinese controlled modern panamax SEACON 9 (74K BLT 2012 NINGBO/CHINA) have been snapped by Greeks for $22 mill, however others suggest that the sale has fallen through. In an off-market deal, Japanese controlled supramax WHITE HALO (55K BLT 2012 IHI/JAPAN CR 4X30T) was committed to Greek interests for $30 mill, one million more than mid February’s sale of JIN ZE (57K BLT 2012 TSUNEISHI/JAPAN CR 4X30T) gone for $29 mill. Late 90’s vintage handymax CRYSTAL OCEAN (49K BLT 1999 IHI/JAPAN CR 4X30T) attracted $14 mill, while one month ago her exact sister EILHARD SCHULTE was sold for $12.75 mill. Modern handy B HANDY (36K BLT 2011 HYUNDAI/S.KOREA CR 4X30.5T) changed hands for $22.5 mill. Prompt Dolphin 36 design resale MYSTIC TREASURE (35K BLT 2014 QINSHAN/CHINA CR 4X30T), which was originally contracted by Wilmar, was sold to clients of Loadline of Greece for $23.5 mill. South Korean buyers are reported to have purchased Oldendorff’s handy CATHRIN OLDENDORFF (31K BLT 2003 SAIKI/JAPAN CR 4X30T) for $15 mill, while smaller mid 90’s unit BAVARIAN TRADER (23K BLT 1995 MITSUBISHI/JAPAN 5HO/5HA CR 3X30T) has commanded a solid price of $6.2 million", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 21 March 14
MERCURIA ANNOUNCES ACQUISITION OF J.P. MORGAN PHYSICAL COMMODITIES BUSINESS
COALspot.com: Mercuria Energy Group announced that it has reached a definitive agreement with J.P. Morgan Chase & Co. to acquire its physica ...
Thursday, 20 March 14
CAPESIZE: WEST AUSTRALIA TO CHINA RATES HAVE CLIMBED BACK TOWARD USD 11 PMT - FEARNRESEARCH
Handy
From a slight improvement in the Atlantic to a more mixed picture this mid week. North Atlantic rounds showing softening signs whereas S ...
Wednesday, 19 March 14
INSTEAD OF DECIDING WHETHER THE GLASS IS HALF FULL OR HALF EMPTY, I AM CURRENTLY GLAD THERE IS WATER IN THE GLASS - EVA TZIMA
By Eva Tzima
Research Analyst
Intermodal Research & Valuations
Right when you think that you have all your facts straight, right wh ...
Wednesday, 19 March 14
EUROCOKE SUMMIT 2014
Press Release: ThyssenKrupp, Steel Institute VDEh, SSI and more headline Smithers Apex’s Eurocoke Summit
The leading coke, coal and s ...
Wednesday, 19 March 14
DRY BULK MARKET REBOUND LEADS TO MORE NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The steady rise of the dry bulk market, as evidenced by the return, yesterday, of the Baltic Dry Index above the 1,500-point mark (1,518), is fu ...
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- Deloitte Consulting - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- PTC India Limited - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
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