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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 $6.2 million", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 11 March 14
HOLD HARMLESS CLAUSES ARE NOT ALWAYS MUTUAL! - ITIC
KNOWLEDGE TO ELEVATE
ITIC provides an insurance related contract review service to all of its members. As the leading professional indemnity i ...
Tuesday, 11 March 14
NEWCASTLE SHIPPED 6.98% LESS COAL WEEK ON WEEK
COALspot.com: In the week ended 10 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Tuesday, 11 March 14
INDONESIAN SUB-BITUMINOUS COAL SWAPS CONTINUES TO FALL
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slip again thi ...
Monday, 10 March 14
API 8 CFR SOUTH CHINA COAL SWAPS LOST 4.28 PERCENT MONTH ON MONTH FOR Q2 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 4.28 percent month on month and closed at US$ 73.97 per mt as on Fr ...
Monday, 10 March 14
THE FREIGHT MARKET WAS QUITE FIRM THIS PAST WEEK
COALspot.com: The freight market was quite firm this past week with BDI sharply increased by 22.65 pct week on week and closed at 1543 points, while ...
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- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- The University of Queensland
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
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