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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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Saturday, 08 March 14
LETTERS OF INDEMNITY - SKULD
KNOWLEDGE TO ELEVATE
In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying ...
Friday, 07 March 14
DRY BULK MARKET TO BENEFIT FROM CHINA'S GDP GROWTH TARGET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping ...
Friday, 07 March 14
RBCT, WORLD'S LARGEST COAL EXPORTING TERMINAL SHIPPED 1.78% LESS COAL MONTH ON MONTH
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 4.487 million tons of ...
Friday, 07 March 14
INDONESIA SHIPPED 7% LESS COAL IN JANUARY 2014 COMPARED TO ITS DECEMBER EXPORTS
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $1.8* billion ...
Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
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