We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 18 November 14
VALEMAX DEAL TO DETERMINE DRY BULK MARKET'S FATE - DREWRY MARITIME RESEARCH
Vale’s accord to sell and lease four Valemax vessels to COSCO might have negative repercussions on dry bulk freight rates. Vale has committed ...
Tuesday, 18 November 14
SUB-BIT FOB INDONESIA COAL SWAP DELIVERY Q2' 2015 CLOSED AT $ 49.55; DOWN 4.10% M-O-M
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, gained week on week and day on day.
The Q1 swap has lost US ...
Tuesday, 18 November 14
FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT $ 66.31; UP 1.33% W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has gained US$ 0.27 (+0.41%) month over month and US$ 0.87 (+1.33%) week ...
Tuesday, 18 November 14
CHEAP OIL PRICES COULD RESHAPE GLOBAL OIL EXPORTING MAP - HELLENIC SHIPPING
Tanker owners have enjoyed a rather healthy 2014, but as the year draws to a close, the fall of oil prices is bound to reshape traditional, as well ...
Monday, 17 November 14
SKULD ISSUES URGENT NOTICE ON BANKRUPTCY OF OW BUNKER A/S
Further to the Association’s advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of ...
|
|
|
Showing 3366 to 3370 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Economic Council, Georgia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
