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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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Wednesday, 25 June 14
INDONESIAN COAL EXPORTS ON RISE; EARNINGS FALL ON LOWER SELLING PRICES
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.84* ...
Wednesday, 25 June 14
THE PANAMAX MARKET REACHED FRESH LOWS FOR THE YEAR, SAYS INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a slight decrease, but this image of stability is merely representative of freight rat ...
Wednesday, 25 June 14
SHIPPING: MARKET INSIGHT - YANNIS OLZIERSKY
During his recent visit in London, China's Premier, Li Keqiang, announced that China's economy, the world's second largest after the US ...
Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 millio ...
Monday, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
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 ...
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- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
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