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Saturday, 22 March 14
SHIP OWNERS INVEST $15 BILLION FOR NEWBUILDINGS AND SECONDHAND VESSELS DURING FEBRUARY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally during the month of February, pouring more than $14.7 billion in total. Number are higher on the year, but lower when compared with a record-setting month of January. According to figures compiled by shipbroker Golden Destiny, this monthly fall could be attributed to the Chinese Lunar New Year.
According to the Piraeus-based shipbroker's latest monthly report, there were 205 vessels ordered during February for a total purchasing price of $11 billion, while an additional 92 orders were contracted at a undisclosed price. These numbers represent an increase of 33% on the year, but a decrease of 27% on the month. Meanwhile, in terms of secondhand vessel purchases, the shipbroker reported deals for 149 ships for an invested capital of more than $3.71 billion, which represents a fall of 13% on the month, but an increase of 26% on the year.
In its commentary, Golden Destiny said that "February ended with firmness in secondhand purchasing and ordering appetite of shipping players, but with a declining trend from the record highs of the first month of the year. The Chinese Lunar New Year may have impacted negatively the investment trends with shipping players waiting to see the direction of asset prices and freight rates during March. Expectations remain firm for the current outlook of freight rates with rosy picture of dry bulk segment, uncertainties for the steady recovery of crude freight rates and sharp downward pressure in boxship rates".
It added that "overall, S&P activity in the secondhand market for February 2014 ended on firmer levels than last year and even sharper levels than 2012. The upward incline of secondhand purchasing appetite is being led mainly by 45% year-onyear stronger vessel purchases for bulkers. During January-February 2014, the average number of weekly reported S&P transactions is 38 vessels, up by 58% year-on-year compared with 24 vessel purchases in the first two months of 2013 and up by 111% from 2012 levels (18 vessel purchases)".
Meanwhile, "the highest level of investment continues to be centered on the newbuilding business as shipping players follow now more aggressive approach towards the construction of newbuilding units with the construction of LNG floating storage and regacification units emerging to be of high demand. Compared with the investments in the secondhand market, in terms of number of vessels, the ordering appetite for the construction of new vessels is 108% higher than the number of vessels purchased by shipping players worldwide.
For February 2014, the hot pace of new orders seems to have faded from the accelerated levels of January and December 2012, but it remains at much stronger levels than the activity of the first two months of 2013 and 2012. During the first two months of 2014, the average number of weekly reported new orders was 79, up by 139% yearon-year(33 new orders on average reported per week in January-February 2013) and up by 295% from 2012 levels. (18 new orders on average reported per week in January-February 2012)", said Golden Destiny.
Finally, "in the demolition market, the scrapping appetite of shipping players firmed during February with higher scrapping momentum in all main conventional vessel segments (bulk carriers, tankers, liners and containers). Remarkable monthly increases in the number of disposals for liners and containers, 333% and 130% respectively, led scrapping activity to 70% month-on-month increase. During February, the average number of reported demolitions per week increased to 18 vessels, up by 80% from previous month, but it still remains at lower levels than last year. During January-February 2014, the average number of weekly reported demolitions represents 26% year-on-year decline with 14 vessels reported on average per week in 2014 compared with 19 vessels disposals per week in 2013 and 18 vessel disposals in 2012", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 24 March 14
SGX'S Q2'14 CFR SOUTH CHINA COAL SWAP CLOSES SLIGHTLY HIGHER W-O-W
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.81 percent month on month and closed at US$ 74.82 per mt as o ...
Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY
COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was u ...
Friday, 21 March 14
DRY BULK MARKET STAYS ON RECOVERY MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's sessio ...
Friday, 21 March 14
US COAL PRODUCTION UP 1.5%; WEST MISSISSIPPI COAL PRODUCTION DOWN 1.85% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
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 ...
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- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Romanian Commodities Exchange
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
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