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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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Friday, 08 May 15
COAL PRODUCTION IN U.S. UP 3.2% THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.4 million short ...
Wednesday, 06 May 15
COMBINATION OF HOLIDAYS AND A SHAKY MARKET PUT ADDITIONAL PRESSURE ON RATES
COALspot.com: The combination of holidays and a shaky market is always a recipe for additional pressure on rates and last week was no exception. Wi ...
Wednesday, 06 May 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
The first four months of 2015 are now behind us and they make up for a decent amount of time to look back and assess how the year is evolving so fa ...
Tuesday, 05 May 15
MIFA BERSAUDARA UNIT OF ABM INVESTAMA STARTS OPERATING $200M COAL MINE IN ACEH
Reswara Minergi Hartama, a coal mining unit of coal miner ABM Investama known as known as Reswara, inaugurated a $200 million integrated coal minin ...
Tuesday, 05 May 15
FREIGHT DERIVATIVE VOLUMES REACHED TOTALED 14,154 CONTRACTS IN APRIL - SGX
COALspot.com: “Our unique suite of freight and bulk commodity products provides market participants with a wide range of trading strategies a ...
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- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
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