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Thursday, 02 April 15
NEWBUILDING ORDERS FOR DRY BULK CARRIERS "DRY" UP
 Newbuilding ordering activity remained subdued over the course of the past week, as ship owners are wary of adding further tonnage to an already pressured market. According to the latest report from shipbroker Allied Shipbroking, “there was a small amount of rumored activity being reported this week in the dry bulk sector with two separate orders for ultramaxes emerging. At the same time interest in the tanker sector continues to mount with further orders being placed in the VLCC size segment and keen interest also seen for Suezmaxes as well.
The real story has been the Containership sectors this week, with more then ample rumors circulating of further ordering set to take place while we have seen a number of orders being placed over the past couple of days, most of which have been for several units of post-panama size. With the U.S. economy showing to have a strong momentum towards recovery and its consumers ramping up activity, it is not a surprise that we are starting to see a more positive outlook amongst investors despite the still ongoing problems caused by the large ULCVs still on order and the fast pace fleet growth witnessed over the past couple of years”.
Meanwhile, in its latest weekly report, shipbroker Clarkson Hellas noted that “further to their order placed earlier this year, Meiji Shipping have added a second 320,000dwt VLCC at JMU (Ariake) with delivery of the latest vessel in 2018. It also came to light this week that MTMM have contracted four further stainless tankers in Japan. They added two further 35,500dwt vessels at Shin Kurushima for delivery from mid-2018, taking their total orders at the yard to seven vessels (3 x 22k and 4 x 35.5k). MTMM added further newbuildings at Kitanihon with contracts for two 21,000dwt SUS tankers for delivery in the first quarter of 2018″.
The shipbroker added that “we’ve seen just one new order in dry bulk this week with a yet to be confirmed overseas owner contracting two firm 38,000dwt Handysize at Shikoku Dock. Delivery for both vessels is planned for 2017. It is worth noting that various other Ultramax orders have been reported this week however we understand these were concluded in the first half of last year and are now only coming to light. Namely, White Sea Navigation for 2 x Ultramax at Sinopacific and clients of Kymar Shipping at Yangzhou Guoyo for 1+1 x Ultramax”.
It added that “having been under discussion for some time, Maersk have now announced an order for seven firm plus two option 3,600 TEU wide beam ice class E3 North European feeders at COSCO Zhoushan. The first vessels are due to deliver from April 2017 until the end of 2017, and the options in 2018 if declared. Pricing per vessel is understood to be in the region USD 39M. In the car carrier market Hyundai Mipo announced an order for two firm 7,500unit PCTCs for delivery in the first quarter of 2017. We understand this order is from existing client Ray Shipping, taking the owners current orderbook at the yard to six vessels. Pricing was announced at USD 77.95m per vessel”, Clarkson Hellas concluded.
Additionally, shipbroker Intermodal noted that “fewer orders were reported in the market last week, with the tanker sector remaining far more popular than the dry bulk one, where the entire activity reported consisted only of a couple of Ultramax orders by Greek owners, both related to deals inked earlier on in the year. At the same time prices remained unchanged across the board, but this is not to be taken as a sign of a stabilizing market, especially when it comes to dry bulkers.
In our opinion the lack of recently reported deals in segments like the Capesize one, is the main reason behind this artificial stability, while we once more reiterate our opinion that there is more downside on the way especially as yards are bound to feel more and more pressure in this persistently low ordering activity environment. The example of Rongsheng, which has recently warned that “it might not be able to continue to operate as a going concern” is representative of the increasing pressure that is on the way for the industry. In terms of recently reported deals, Greek owner, Delta Tankers, placed an order for two Suezmaxes (160,000dwt) at Samsung , in S.Korea, for a price of $ 66.0m each and delivery set in April of 2016″, Intermodal noted.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 25 March 15
MARKET INSIGHT: TANKER CHARTERING - KATERINA RESTIS
The 1st of January 2015, as broadly reported, denoted the beginning date of new and progressive emission regulations for vessels operating within t ...
Wednesday, 25 March 15
AUSTRALIA SET TO ONCE AGAIN BE THE WORLD'S LARGEST COAL EXPORTER - COAL, MINERALS COUNCIL OF AUSTRALIA
Greg Evans, Executive Director - Coal, Minerals Council of Australia
Media Release: The latest Resources and Energy Quarterly published by the ...
Wednesday, 25 March 15
AUSTRALIA UPSTREAM ENERGY FIRMS FACE RISING OIL PRICE EXPOSURE - FITCH
Fitch Ratings says the Australian oil and gas companies involved in exploration and production face higher exposure to oil price-linked revenues, w ...
Wednesday, 25 March 15
2014 : UK COAL IMPORTS DECLINED 17%; GERMANY COAL IMPORTS UP 6%
Hard Coal Market 2014: Despite The Energy Turnaround, Hard Coal Imports To Germany Rise By More Than 6%, Although Hard Coal-Fired Power Generation ...
Tuesday, 24 March 15
A WEAK WEEK FOR FOB INDONESIA COAL SWAP
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 drop month on month and week over week.
The Q2 swap fell US$ 2.48 (5.12%) month ...
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- Kideco Jaya Agung - Indonesia
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- SMC Global Power, Philippines
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- Antam Resourcindo - Indonesia
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- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
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- Ind-Barath Power Infra Limited - India
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- Indonesian Coal Mining Association
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- Siam City Cement PLC, Thailand
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- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
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- Bangladesh Power Developement Board
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- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
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- GMR Energy Limited - India
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- Commonwealth Bank - Australia
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- Tata Chemicals Ltd - India
- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
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- White Energy Company Limited
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- AsiaOL BioFuels Corp., Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
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- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
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- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
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