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Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms of demand over the course of the past few days. In its latest weekly report, shipbroker Shiptrade noted that its enquiry Index witnessed a slight decrease of about 15% this week, which was mainly driven by a sharp drop of enquiries for Panamax bulkers. According to Shiptrade “taking a closer look into the dry bulk sector, the relevant Index for Handysize bulkers was increased by a considerable 20%, while enquiries for Handymax and Supramax bulkers remained at levels close to those of last week.
On the other hand, enquiries for Panamax and Capesize bulkers were sharply decreased by about 50%, with those for Capesize remaining at single-digit levels. On the wet front, with the sole exception of MR tankers, interest in which is always there, all other segments faced losses in terms of buying interest, with the absolute number of enquiries remaining at levels below 10″, said the shipbroker.
In the Sale & Purchase market, Shiptrade reported that “with owners’ expectations for a sharp drop in asset values not materializing so far and current market conditions remaining poor, someone would expect secondhand activity to drop significantly, however, transactions do take place, proving that there are market players that believe in freight rates rebounding, starting from Q3 of this year. The stars of this week were Capesize bulkers and MR tankers, as on the dry front, 5 Capes changed hands, while on the wet front, a total of 4 MRs found their new recipients.
Taking a closer look, Greek interests paid $58 mill. for a cape resale ex Qingdao Beihai scheduled for delivery within 2014, with a 2011 Hyundai-blt cape, namely the “Blue Manaslu” sold to Greeks as well for $51.5 mill. In the wet sector, Chartworld have disposed their 1999 built Panamax tanker, the “Star Bravery”, which went to UAE based buyers for $8.5 mill., along with their 1996 built MR “Nedimar”, which fetched the same levels from Greek interests. Last, but not least, enhanced was this week’s secondhand activity in the container market, with a total of 5 units, all built post 2005, changing hands”, Shiptrade said.
Demolition: Weakening
Meanwhile, according to Shiptrade, in the demolition market, “the sub-continent seems to be suffering due to the monsoon season, still following the downward path created during the last 2-3 weeks, however, despite the weakened demand for tonnage, what came as a surprise was the increasing number of sales being concluded in India at relatively good levels, with cash buyers offering prices beyond break even levels. In Pakistan, although an enhanced buying interest came into the foreground last week, local buyers were unable to compete with their Indian “rivals”, thus not securing any tonnage.
Add to this the total absence of any wet potential demolition candidates, and there you have it, a week with no sales. Bangladesh has remained silent as well, with the recent budget announcement playing its’ role. No change in China, as activity is restricted solely to domestic tonnage, while Turkey seems to emerge as the destination for smaller LDT vessels, taking advantage of the softening sub-continent prices, keeping local facilities busy”, Shiptrade concluded.
Newbuilding Activity
Meanwhile, according to the latest weekly report from Clarksons Hellas, newbuilding activity over the course of the past week was mainly focused in the dry bulk and gas tanker segments. According to Clarkson Hellas, in dry bulk “Pan Ocean have placed an order for two firm 207,000 DWT Newcastlemaxes at New Times, with both vessels due to deliver within the second half of 2016. Also in China, Conti Reederei have extended their order for 64,000 DWT Ultramax to a total of 20 vessels by declaring a further eight options. The first in the series will begin to deliver in the early part of next year, with the latest additions for delivery from 2017 onwards. In the same sector JJ Ugland have announced an order at Imabari for two firm 63,000 DWT Ultramax due to deliver in 2017. Blumenthal are also understood to have ordered two firm 34,000 DWT Handysize at Hakodate Dock, similarly due for delivery in 2017″.
The shipbroker added that there was “just one order to report in tankers; CSBC (Keelung) have contracted a pair of 40,000 DWT Handy Product Carriers with Chinese Petroleum Corp (CPC) due to deliver within the final quarter of 2016. A spread of orders across the sizes in the gas market. Starting with the largest, GasLog announced an order for two firm plus up to four option 174,000 CBM LNGCs at HHI. The first vessels are planned for delivery in the second half of 2017 with options from end 2017 and into 2018 if declared.
In the midsizes, West Africa LPG have declared an option for one additional 38,000 CBM LPG carrier at Hyundai Mipo, taking the series to two vessels. The first is due for delivery within the end of 2016 and second vessel in early 2017. Epic Gas have ordered a third 7,500 CBM LPG carrier at Sasaki in Japan, with delivery in the final quarter of 2016. Lastly, K-Line have announced two further 7,500 CEU car carriers at Shin Kurushima for delivery in 2017, taking the series to four vessels”, Clarkson Hellas concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Monday, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...
Monday, 07 July 14
SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL SHIPPED 12% LESS COAL IN JUNE COMPARED TO MAY EXPORTS
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 4.91 million tons ...
Monday, 07 July 14
INDONESIAN SUB-BIT COAL SWAPS FOR Q3 DELIVERY CRASHES THROUGH $ 54.50
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 07 July 14
API 8 CFR SOUTH CHINA COAL SWAPS SHOW A DOWNWARD TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 drops US$ 5.47 month on month on Friday, dipping under $68 a ton. The CFR South Ch ...
Sunday, 06 July 14
PANAMAX INDEX BEING THE BIGGEST GAINER THIS WEEK; UP 52.75% W-O-W
COALspot.com: This week there was some positive signs in all the sectors. The Panamax index being the biggest gainer this week after losing for sev ...
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Showing 3621 to 3625 news of total 6871 |
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- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
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