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Thursday, 20 November 14
DEMAND FOR DRY BULK CARRIERS INCREASES ON THE BACK OF HEIGHTENED FREIGHT RATE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Ship owners are looking to take advantage of favorable market conditions through the acquisition of more dry bulk carriers. According to shipbrokers’ report over the course of the past week, there has been a very high market activity in the Dry Bulk S&P segment. Allied Shipbroking noted that there are several deals concluded among all sizegroups. “Starting from the smaller to the larger vessels, the “DIAMOND OCEAN”(32k, 2007, Jap) has been reported sold in the region of USD 14 Mill, which appears to be soft when compared to the last done sale of the “PAOLA”(32k, 2004, Jap) at USD 12 Mill one month ago basis SS&DD due”, the shipbroker said.
It added that “on the Supramaxes, the “PAX PHOENIX”(50k, 2001, Jap) –which was very close to be committed to Greeks for USD 10.9 Mill- has finally been sold to Bangladeshi buyer in the region of USD 10.6 Mill. This, indicates a further reduction in asset values of the 10 yrs old Supras, with further drops possible especially after the record low JPY/USD exchange rate reached on Friday. On the other hand, 2 sales took place in the Panamax segment last week achieving levels higher than that of last done. More specifically, “MARINA” (75k, 2000, Jap) and “TETIEN TRADER” (74k, 2001, Jap) have been reported sold for USD 11.75 Mill and USD 12.5 Mill respectively. Both prices appear to be firm enough at first glance, bearing in mind the sale of “MISHIMA” (76k, 2002, Jap) for USD 12.5 Mill during October, however both vessels seem to have cashed in on their high maintenance standards. On the Capesize segment, it has been reported that clients of Laurintzen have sold the “CASSIOPEIA BULKER” (179k, 2011, S.Korea) in the region of USD 42 Mill, following their sale of “CAMILLA BULKER” (179k, 2009, S.Korea) for USD 40 Mill last month. Lastly, this is the first time that we quote a sale of a very modern Japanese owned Newcastlemax. It has been the “FIRST IBIS” (208k, 2010, Jap) which has been reported sold for excess USD 45 Mill to Singapore-based company “RGL”, Allied Shipbroking concluded.
By contrast, according to the latest weekly report from shipbroker Clarkson Hellas, “activity in the newbuilding market remains subdued, with just one order coming to light in dry. A joint venture between Tai Chong Cheang and K-Line (TK50) has contracted a single 182k capesize at Imabari with delivery due in 2017. Apart from clients of Golden Union declaring two further Capes at Hanjin (as reported last week), this is the first Capesize order we’ve seen placed since September. The total number of large bulk carriers (Cape / Newcastlemax) contracted so far in the second half of this year stands at 22 vessels, compared to close to 90 vessels contracted in the first half.
The only other sector which has seen new orders this week is in the feeder container market. Having been under discussion for some time, Hanjin has now confirmed that a European owner has contracted two firm (plus a number of options) 1,900 TEU feeders to be built at their Yeongdo facility in Korea. Delivery of the firm pair is within the third quarter of 2016 with pricing per vessel understood to be in the mid USD 34s mill. The price also includes E3 ice class. Not quite as pronounced as the dry market, however a similar story in terms of the activity since the beginning of the year – with almost double the number of vessels being contracted (around 43) from Jan to June, compared to 23 from July to date (in the sub 3,000 TEU sizes)”, Clarkson Hellas concluded.
In a separate report, Intermodal noted that “it is hard to write about newbuilding without keep stressing the pressure the market is still under. The volume of reported orders remained very low for yet another week, while average prices on the Dry Bulk side softened further, with most notable that of the Capesize, which moved below $55.0m. While ordering appetite seems completely lost at the moment as far as the most conventional sectors are concerned, those like the gas sectors appear to be increasing their attractiveness even to owners outside the sector. The Thenamaris order, for a pair of LPGs at Hyundai Mipo, which was reported last week, will mark the entry of the owner in the LPG sector should it materializes, and at the same times reveals the promise of greater potential that LPGs appear to be currently holding compared to other sectors. In terms of recently reported deals, Norwegian owner, Leif Hoegh has placed an order for one firm and three optional LNG FSRUs (170,000cbm) at Hyundai, in S. Korea, with delivery set in 2016″, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 30 November 14
SUPRAMAX COAL FREIGHT RATES FROM INDONESIA TO INDIA : FIRM
COALspot.com: The BDI fell 171 points and closed at 1153 points on Friday 28 November 2014. The Cape index also lost 887 points and closed at 2151 ...
Friday, 28 November 14
NEW BIMCO CLAUSE AIMS TO REDUCE SUPPLIERS' RELIANCE ON SHIP ARREST FOR CHARTERERS' UNPAID BUNKERS
KNOWLEDGE TO ELEVATE
Ship owners can, on occasion, find themselves in the invidious position of suffering unexpected loss of hire due to a tim ...
Friday, 28 November 14
JSW ENERGY AND GRM RESOURCES JOIN GLOBALCOAL
COALspot.com: globalCOAL® announced yesterday that two new Market Members have joined its online coal trading platform. According globaCOAL&rsq ...
Thursday, 27 November 14
MINING SERVICES TAX SPIKED BY 233% - BISNIS INDONESIA
COALspot.com: The Energy and Mineral Resources Department of Indonesia said the tax contribution from mining services sector in the 3rd Q 2014 ...
Thursday, 27 November 14
PANAMAX : EXPECTATION'S FOR A STRONG END OF YEAR RUSH, DISAPPEAR DAY BY DAY - FEARNLEYS
Handy
“We have experienced a firming market the last couple of weeks. More activity from cargo owners in the Atlantic and less available to ...
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- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
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