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Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According to the latest report from shipbroker Clarkson Hellas, there were “a couple more specialised orders to report in the dry market. US based Vulica Shipping have contracted two firm 68,000dwt Self-Unloaders at Jiangsu Hantong. Pricing was not revealed, however delivery of both vessels is planned for the first half of 2017. Also in China, Ningbo Marine Co. Ltd. has contracted three firm 49,500dwt bulk carriers at Jinling Shipyard with delivery in the fourth quarter of 2016 and first quarter of 2017. Pricing was announced at RMB 170m per vessel (region USD 27m) however this will of course be including a domestic tax. A yet unknown Japanese buyer has also contracted two firm 89,000dwt post-panamax bulkers at Sanoyas with delivery in 2017".
The shipbroker also noted “continued activity in the large crude market, with clients of Metrostar reported to have ordered two option two 300,000dwt VLCCs at HHI with delivery of the first vessels understood to be in late 2016. It also came to light this week that Meiji Shipping have ordered a single 320,000dwt VLCC at JMU, with delivery from their Ariake facility in the first quarter of 2017. Sincere Navigation also confirmed that they have swapped their two Capesizes on order at SWS to one 320,000dwt VLCC for delivery in 2017. A couple of new orders in gas, starting with DSME announcing an order for one 173,400cbm LNGC for delivery in 2018. This vessel is understood to be a further extension of a series for one of the yard’s existing clients. KSS Line announced a contract with Hyundai Mipo for one 38,000cbm midsize LPG carrier for delivery in 1Q 2017. This order is understood to also include an option for one additional vessel for delivery in mid-2017 if declared.
ADA Shipyard in Turkey have taken an order for two firm 70m double ended ferries from Fjord1 of Norway. The vessels will be based on a design from Multi Maritime with capacity for 199 passengers and 60 cars. Delivery is due in 2016", Clarkson Hellas concluded.
In a separate report, shipbroker Allied Shipbroking said that “further corrections have been noted in most of the quoted prices by shipbuilders, while it looks likely that with the further softening of steel prices, we may well be set for even further discounts down the line. At the moment many are holding a fairly pessimistic outlook for the order intake that most shipbuilders will be able to secure this year, putting pressure on some of these builders who had shown poor financial performance during 2014 and it will likely lead many them to take under serious consideration further restructuring of the opera-tions. At the same time, some of the S. Korean shipbuilders are fairly worried about the nock on effects from the current depressed oil pric-es, as they expect it will hit one of their most profitable sectors, that of the offshore market, leaving them with fewer orders for these high-ly specialized and often quite significant profit generating orders. This could end up further heating up the competition on the more conven-tional orders, namely tankers and dry bulkers, which in turn could push for even further drops in prices during the next couple of months”.
In the Sale & Purchase market, Allied said that “discounts are still being seen amongst the reported deals, while the gap between premium and non-premium units is getting ever wider. Amongst the reported sales this week and although it is likely an old deal, the Panamax “THALIA” (75k, 2001 blt, Japan) is rumored to have gone to Greek buyers for a price of US$ 9.7m. Further to our last week’s report, it is worth pointing out that the “CAPTAIN V. LIVANOS” (57k dwt, 2011 blt China) has not been sold, while the “YM RIGHTNESS” (78k dwt, 2004 blt Chinese Taipei) achieved its high price due to the inclusion of a lease-back deal back to sellers at a rate of USD 9,000/day for 6 years. At the same time things are getting even more bullish for tankers. With regards to rumored deals this week, the LR2 “SARK” (113k dwt, 2009 blt China) has achieved a price of US$ 40.0m.
Lion Shipbrokers added that “asset values are becoming softer and softer as more and more ships of all sizes are flooding the second hand market, however buying interest is currently low to almost non-existent. Is today a good opportunity to invest in shipping or not? Is the long- awaited recovery near or years away?”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 05 March 15
INDIA WILL BE THE LARGEST DRIVER OF GLOBAL SEABORNE COKING COAL DEMAND GROWTH IN 2015 - WOOD MACKENZIE
Global demand growth will remain weak because of China’s negative demand growth.
COALspot.com: At Coaltrans India, Wood Mackenzie says I ...
Thursday, 05 March 15
BUKIT ASAM BOOKED US$ 1 BILLION REVENUE IN 2014
COALspot.com: Indonesian publicly listed and state owned coal miner PT. Bukit Asam, has announced that, the revenue of the company for the period J ...
Wednesday, 04 March 15
AN AGENDA FOR CHANGE - FITCH INDONESIA CONFERENCE
Fitch Indonesia Conference - 5 March 2015
Fitch Ratings will host its annual Indonesia conference on 5 March 2015.
The theme of this year ...
Wednesday, 04 March 15
KEEP CALM AND INVEST IN DRY - THEODORE NTALAKOS
Keep Calm and Carry On was originally a motivational poster, intended to raise the morale of the British public, produced by the British government ...
Tuesday, 03 March 15
INDONESIAN COAL EXPORT VOLUME TO DECLINE 50% BY 2019
COALspot.com: The Indonesian government is planning to reduce coal export volume by 50% within the next five years while keeping its coal productio ...
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- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Minerals Council of Australia
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
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