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Thursday, 13 November 14
MODERN DRY BULK SHIPS' PRICES START FIRMING UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 While the main story of the past few weeks has been the rebound of the dry bulk market, which has been a result of increased Chinese iron ore imports, another interesting byproduct of this development has been unfolding in the background. Most ship owners are always on the lookout for ship acquisitions and that search is always intensified during period of increases in charter rates, as is the case today. As a result, many are willing to “pull the trigger” on deals otherwise unattainable, due to the increased optimism surrounding the market.
According to the latest weekly report from shipbroker Allied Ship broking, it seems that this is the case in recent days. According to the report, “Caper charter rates have continued their increased route, but at slower pace than that of the previous week, while sluggish Panamax rates still remain under pressure. On the Dry S&P market, which is dominated by Panamax/Kamsarmax sales, there is not much in quantity to report, but useful enough to draw interesting conclusions. Prices on the modern Pmaxes/Kmaxes seem to have ceased their downward trend since “MEDI SENTOSA” (83k, 2008, Jap) has been reported sold to Greek buyer in the region of USD 19.8 Mill. Despite the fact that this deal indicates a stability in asset values, it’s quite interesting to observe the price reduction since the 2nd quarter of the year, when the ex’ “SEA OF HARVEST” (81k, 2009, Jap) had been sold for USD 28 Mill. On the older units, it has been reported that the “CASTILLO DE VIGO” (73k, 1994, S. Korea) has been reported sold at USD 6.25 Mill with surveys freshly passed, indicating a premium of approximately 25% above the current scrap value. On the other hand, the small handy “BIRCH 1” (24k, 1995, Jap) has been reported sold for USD 5.4 Mill, confirming that the asset values of the Handy size vessels are holding their ground”, Allied noted.
The shipbroker added that the “tanker second hand market moved on the same pace and was relatively quiet during last week in terms of sales, with several sources reporting the “OVERSEAS SOVEREIGN” (309k, 1996, Jap) sold to Thai buyers for conversion into FPSO. Interest for crude vessels still exists and strengthens along with the drop of the Brent crude oil, which is now below USD 85 per barrel. It seems that the Chinese Government has taken advantage of this price reduction, increasing crude oil imports during October by 18% compared to the same month last year”.
In a separate report, this time on the new building market, Clarkson Hellas noted that it was “understood to have been declared in October, it has come to light this week that clients of Golden Union Shipping have added two further vessels in their series of 180k Capes at Hanjin Heavy. Delivery of the latest two is in the final quarter of 2016, and takes the total series to five vessels. A similarly quiet week for new orders in the conventional tanker sectors, although at Besiktas in Turkey we have seen a yet unknown Canadian owner contracting two firm 15,000DWT Asphalt & Bitumen tankers, with delivery planned for 2016. This niche sector has seen orders for eight vessels this year, split between the smaller 3-5k sizes (5 vessels), one similar size 15k vessel at 3.Maj in Croatia for Wisby, and one 37k vessel at Hyundai Mipo again for Wisby”, said the shipbroker.
It added that “a little more activity to report in the gas market. Starting with the larger sizes, DSME announced an order for two firm 174,000cbm LNG carriers from Green Shipping with delivery due in the second half of 2017. At HHI, Hoegh LNG announced the addition of a fifth 170,000cbm LNG/Regas unit with delivery in the first quarter of 2017. Evergas also declared options for two further 27,500cbm multigas (LNG/Ethyl/LPG) carriers at Sinopacific Offshore. This takes the total series to eight vessels with delivery of the new additions in 2016. The Port of Tallinn announced an order for four 7,500gt double ended ferries, each with capacity for 150 cars and 600 passengers. The order will be split between Sefine Shipyard in Turkey and Remontowa in Poland. Delivery of all four vessels is planned for 2016″, Clarkson Hellas concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Sunday, 26 October 14
CAPE'S STRONG PERFORMANCE PUSHES BDI INDEX UPWARDS
COALspot.com: The BDI was up by 26.27 pct and closed at 1192 points week and week. The Cape size performance has pushed up BDI and Cape size index ...
Friday, 24 October 14
WEEKLY U.S COAL PRODUCTION DOWN 2.7% FOR THE WEEK ENDING OCTOBER 18
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.7 million short tons (mmst) of coal in ...
Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to kee ...
Wednesday, 22 October 14
MARKET INSIGHT - THEODORE NTALAKOS, INTERMODAL
ECO designs - revisited
The ECO vessels are already here but the oil and bunker prices are plummeting to their cheapest level since 2010. Is this ...
Wednesday, 22 October 14
CAPESIZE MARKET REMAINED UNDER PRESSURE
COALspot.com: The Dry Bulk market closed on the red for yet another week although following Friday sentiment has started to improve on the back of ...
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- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Planning Commission, India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
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