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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 fuelling the latest wave of newbuilding orders, with dry bulk carriers "stealing the show". According to the latest weekly report from shipbroker Clarkson Hellas, there was a number of orders to be reported in the dry bulk segment, "starting with a large order of twelve firm plus eighteen option 64,000 DWT Ultramax from Minsheng Financial Leasing at their compatriot yard in China, CIC Jiangsu. The vessels will be delivered from 2015", the shipbroker said.
It added that "it is also known that Victoria Steamship contracted one firm plus three option 95,000 DWT Bulk Carriers at Jiangsu Eastern due for delivery from 3Q 2015 onwards. It has come to light that clients of Shandong Bohai have placed orders for two firm plus option two 82,000 DWT Kamsarmax at Dayang Shipbuilding. From Korea, it is understood that Polaris Shipping have declared their option for the third 300,000 DWT VLOC at Hyundai Heavy Industries Gunsan shipyard for delivery in 2Q 2017. Previously, the Korean owner had also declared an option for their second 207,000 DWT Newcastlemax at Daehan Shipbuilding for delivery in 3Q 2016", Clarkson Hellas noted.
Ship owners are encouraged to invest in the dry bulk segment, with the Baltic Dry Index (BDI) now in the range of 1,500 points. The latest round of gains is attributed on the Capesize and Supramax market firmness, while the Panamax market is still experiencing weakness. According to the latest weekly report from shipbroker Golden Destiny, "the BDI seems to have regained its strength as capesize vessels are finding their strong levels that seem to have lost from the beginning of Chinese Lunar New Year. Chinese demand for imported iron ore has now improved pushing capesize rates to levels of more than $20,000/day, from less than $10,000/day during the first days of February. In the panamax segment, rates are still struggling at maintained levels of less than $9,000/day since the end of February, while Chinese thermal coal port stockpiles are on increase implying lower levels of Chinese thermal coal fixture activity", the shipbroker noted.
It added that "one more encouraging sign for the capesize segment is the record low of fleet growth as February ended with an estimated net addition of only 2 vessels in the current fleet, from a net addition of 14 vessels in January. Furthermore, Chinese iron ore port stockpiles are on decrease for the first time after 21 consecutive weeks of increase. Currently, iron ore stockpiles are about 99,9million tons, but remain at historically high levels and are up by approximately 33.4 million tons from a year ago (50% up year-on-year)".
Meanwhile, according to Clarkson Hellas, "the other markets have been relatively quiet this week; whilst there is nothing to report in tanker or gas side, in the container market one option of 18,000 TEU Container Vessel has been declared by United Arab Shipping Company (UASC). This will be UASC’s 6th vessel of the same size and the delivery is understood to be in 2015. UASC also have eleven 14,000 TEU Container Vessels on order at the Korean shipbuilder’s yard in Ulsan", the shipbroker concluded.
In its own report, Golden Destiny noted that "in the shipbuilding industry, Chinese shipbuilders keep their consolidation process, but it is not yet completed, while they are still facing difficulties in securing new orders despite the signs of shipping recovery. Li Dong, deputy head of the equipment manufacturing division at China’s Ministry of Industry and Information Technology, said that the consolidation process of Chinese yards is hastening, but “not completed yet” and the next step is to encourage stronger yards to further develop their offshore capabilities. “Although there was a slight recovery in the global shipping market in 2013, the growth of global economy remains sluggish and overcapacity of shipyards remains severe,” Li told reporters. In the meantime, Shanghai Merchant Ship Design & Research Institute (SDARI) has unveiled an upgraded version of its very large ore carrier design, touting specifications of greater fuel efficiency, fewer emissions and lower ballast. The new 405,000dwt VLOC is designed to cut fuel consumption from around 97 tonnes to about 80 for the 400,000dwt version, a statement from SDARI said. The new VLOC will require 140,000 tonnes of ballast water, down 50,000 tonnes from the prior design. Its dead weight tonnage will also rise to 405,000 after optimisation of vessel structure. In addition, its CO2 emission will decrease by around 20% compared with the old version. SDARI added that the new VLOC design had attracted interest from Vale, Spanish and Hong Kong shipowners", the Piraeus-based 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 ...
Tuesday, 18 March 14
SECOND QUARTER SUB-BIT FOB INDONESIA COAL SWAP LOST 3.27% IN A MONTH
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
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- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- White Energy Company Limited
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
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