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Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four months of 2014 at 55% higher volume of activity, in terms of number of units and 78% higher, in terms of deadweight, based on figures compiled by shipbroker Golden Destiny. The total number of new orders is estimated to be 1054 vessels with an invested capital of more than $40.5bn, when last year the number of new orders was 681.
HELLENIC PRESENCE
According to Golden Destiny, "Greek shipping players follow the overall investment strategy towards the construction of newbuilding vessels and emerge very aggressive during the first four months of 2013 by placing 148 new orders, from 56 in a similar period last year (up by 164% year-on-year, in terms of new orders and up by 186% in terms of deadweight). The invested capital of Greek owners in the secondhand market has increased to region $5,6bn from $2,3bn last year and they hold, during the year to date ,14% share of the total number of new orders reported".
It added that "in the secondhand market, Greek Shipping players appear also very dynamic but for the first time since 2009, the newbuilding business of Greek owners appears to be at the same levels of their secondhand purchasing appetite. The investment strategy of Greek shipping players during the year to date was the preference towards secondhand vessels with a serious firm interest in newbuilding units.
This trend now seems that may be reversed and ordering activity from Greek players to surpass their secondhand purchasing appetite. It would be interesting to see if this trend will materialize as it’s very likely since Greek players show a hungry appetite for the construction of newbuilding units in all main vessel categories, bulk carriers, tankers, gas tankers and containers. Their ordering appetite in the bulker segment is up by 181% year-on-year, which is the main cause laying behind the massive upward momentum in the newbuilding business. Bulk carriers are also in their top preference of secondhand purchases with an increased interest in the tanker segment and weak appetite for containers.
During the first four months of 2014, Greek secondhand purchasing appetite is estimated to be 25% share of the total S&P activity with 148 vessel purchases at an invested capital of more than $4,3bn. Their secondhand purchasing appetite shows 38% year-on-year increase and follows the overall increased shipping confidence".
According to Golden Destiny's analysis, globally "the surge of newbuilding appetite is due to the spectacular ordering activity reported for bulkers with ultramax vessel size being the new newbuilding trend after the kamsarmax size in year “2010”. The upturn of freight market performance from the end of secondhand half of 2013 led to a significant volume of business for Chinese shipyards that attract investors’ interest towards the ultramax newbuilding design. The freight market performance is now under serious threat from this record ordering appetite, but shipping players keep high confidence in the shipping market and do not forego their investment plans. The number of new orders for bulkers is estimated to be more than 400 vessels from less than 200 vessels in January-April 2013 (120% year-onyear increase), while strong investors’ interest is recorded in the tanker segment for 186 new orders, up 77% year-on-year with firm interest for VLCCs and MR product tankers".
Meanwhile, in the Union of Greek Shipowners' latest annual review, President Theodore E. Veniamis said that "despite recession, overtonnaging, an unstable freight market, reduced access to ship financing from banks, the Greek owned fleet increased in tonnage (dwt) and in number of vessels. The Greek register accounted for 802 vessels (over 1,000 gt) amounting to 41,829,594 gt . The Greek owned tonnage held first position internationally.
The fleet accounted for 3,669 vessels (ships greater than 1,000 gt) of 261.63 million deadweight tons, representing 16.16% of total world dwt . The Greek flag fleet ranks seventh internationally (in terms of dwt) and second in the European Union (EU) (in terms of gt). The Greek owned fleet under EU flags accounts for 46.72% of the EU dwt tonnage. Moreover, Greek owners control 18 .51% of the world tanker fleet (crude oil tankers), 23.32% of the world bulk carrier fleet and 13 .81 % of the world chemical and products tankers fleet in terms of dwt (excluding ships currently on order) .
By the end of December 2013, newbuilding orders by Greek interests amounted to 371 vessels (over 1,000 gt), representing 32.60 million dwt. Of these vessels, 149 were tankers corresponding to 18 .32% of world tonnage (dwt), including 58 LNG / LPG tankers amounting to 25.94% of world tonnage (dwt) and 51 products tankers corresponding to 14.24% of world tonnage (dwt), 169 bulkers corresponding to 15% of world tonnage (dwt) on order in each type, 48 containerships corresponding to 7.08% of world tonnage (dwt) and 5 other vessels. The orderbook of Greek shipping in 2013 continues to indicate a diversification to specialised ships like LNG / LPG vessels, containerships as well as products tankers.The age profile of the Greek flag fleet in 2013 was 11 .5 years – over 50% of the fleet being younger than 10 years old – and of the Greek owned fleet 9.9 years, whilst the average age of the world fleet was 12.4 years.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 29 April 14
NEWCASTLE SHIPPED 3.03 MILLION TONS WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 28 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Tuesday, 29 April 14
Q2 API 8 CFR SOUTH CHINA COAL SWAP LOST 0.29% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 0.29 percent month on month and closed at US$ 75.43 per mt as o ...
Monday, 28 April 14
CHINA LIKELY TO FALL SHORT OF NUCLEAR POWER TARGETS AT 175GW OF CAPACITY BY 2030 - WOOD MACKENZIE
Coal will remain dominant supply at 64% of power mix
Wood Mackenzie forecasts that China will not meet its environmentally-driven, government ...
Sunday, 27 April 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK
COALspot.com: The freight market seems to have bottomed out and saw some marginal gains in all segments, said Capt. Reddy of Vistaar Shipping In ...
Friday, 25 April 14
US PRODUCED APPROXIMATELY 19 MILLION SHORT TONS OF COAL IN A WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
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- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- The University of Queensland
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
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