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Wednesday, 29 April 15
SHIPBUILDERS START OFFERING DISCOUNTS FOR DRY BULK NEWBUILDINGS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It took a while, but now it appears that some shipbuilders are beginning to adjust their price lists to the new grim reality of the dry bulk market, offering some discounts to the bold owners who will invest in today’s market conditions, especially given the reluctance from bankers to back such investments through financing. According to the latest weekly report from shipbroker Allied Shipbroking, “the recent dry spell in new contracting seems to have finally pushed the yards to the edge, dropping their price ideas in the hope that they can finally attract some buying interest”.
However, as the shipbroker noted “it might prove to be too little too late., as during the past couple of months secondhand prices have rapidly moved on a downward slope making the gap between them and any new contracting price seem excessive, especially when one considers the difficulties still faced in the freight market. The fact of the matter is that it will be all up to any further consolidation in the market that could act as a positive influence for the well performing shipbuilders, especially in the case of China, were there you have more intense competition for securing dry bulk contracts. One of the most notable deals this week was made by Germany’s Hapag-Lloyd for five firm Super Post Panamax (10,500dwt) contain-erships at S. Korea HHI for a price of US$ 104.0m with delivery be-tween 2016 and 2017″.
Meanwhile, in a separate report, Clarkson Hellas noted that there were “no new orders to report in either dry bulk or tankers, with a continued focus on the more specialised markets. In containers Hapag-Lloyd have confirmed an order for five firm high reefer 10,500TEU container carriers at Hyundai Samho with the first three vessels reported to be deliver within 2016. We’ve seen two fresh orders in the car carrier market, starting with Mitsui OSK announcing an order for four firm panamax beam 6,800 CEU PCTCs at Minami Nippon – with delivery of two vessels each in 2017 and 2018. This continues the relationship between shipyard and owner, with Mitsui OSK currently having close to 30 Minami Nippon built car carriers in their fleet according to our records. NOCC also contracted two firm plus two optional 6,500 CEU vessels at Hyundai Samho, with delivery from the end of 2016. This similarly continues the existing relationship between both shipyard and owner with NOCC currently having four Hyundai built vessels in their fleet”.
It added that there was “further ordering in LPG, with CSSC Shipping contracting two firm 85,000CBM LPG carriers at Jiangnan Changxing. Pricing is understood to be region USD 74m per vessel with delivery in the second half of 2017. Both vessels will go on charter to Tianjin Southwest when delivered”.
Shipbroker Intermodal also noted that “despite the fact that the reported newbuilding activity of the past month brought back memories of better days in the industry, the number of last week’s revealed dry bulk and tanker orders comes as a reminder that shipbuilding is still very much in the woods. Large orders remain a memory of the past, while even in the case where these pop up, as Seaspan’s recent order, these are always on the back of long T/C contracts. In regards to dry bulkers things are still very quiet, with newbuilding prices for the bigger size segments continuing to drop amidst non-existent activity. Given the recent new lows in the resale market, we expect sooner rather than later to see the Capesize price touching or even slipping below $50.0m, while should the freight market insists at current lows throughout the summer period as well, 2012 price levels might be revisited before the end of the year. In terms of recently reported deals, Italian owner, D’Amico, placed an order for two firm LR1s (75,000dwt) at Hyundai MIpo, in S. Korea, for a price of $44.0 each and delivery set in 2017″, Intermodal concluded.
However, in the S&P market, Allied said that “despite the still pessimistic approach taken by many regarding the near term prospects of the dry bulk market, activity continues firm for yet another week. At the same time there is a lot volatility still wit-nessed in the market with a number of deals reported done at strong discount levels, showing the bargain hunting nature still seen amongst most buyers. With purchases being of a perspective nature, there is a slight hint that we may well be approaching further price drops going forward. On the tanker side, product tankers are still taking a leading role, with a number of deals reported in both the medium and long range sizes. Interest is likely to remain keen for these vessels, albeit with minimal appetite for any significant premiums to be given. All this may well change if they continue to hold their earnings at such firm levels, something that will likely lead gear more speculative buys”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 11 May 15
API 5 FOB NEWCASTLE COAL SWAP; INCREASED M-O-M; DECLINED W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.62 per MT (1.41%) month over month and lost US$ 0.88 week on w ...
Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28 (0. ...
Monday, 11 May 15
KOREA MIDLAND POWER INVITES BIDS FOR 140K MT OF 4600 NAR COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued a new tender to buy total 140,000 Metric Tons (MT) of Sub-bitumi ...
Sunday, 10 May 15
FREIGHT RATES TO REMAIN SOFT NEXT WEEK
COALspot.com: The freight market was flat to soft week over week except for the Cape Index which was up 7.32%. Cape index was closed at 616 p ...
Friday, 08 May 15
BUSIEST CAPESIZE DEMOLITION MARKET EVER - BIMCO
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
The dry bulk market has long suffered f ...
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- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Australian Coal Association
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Parliament of New Zealand
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- VISA Power Limited - India
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