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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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Thursday, 30 April 15
IRON ORE EXPORTS: A DANGEROUS RACE? - CLARKSONS
The surge in iron ore exports in recent years has resulted in a significant decrease in iron ore spot prices, which dipped to a ten year low of bel ...
Thursday, 30 April 15
IRON ORE PLAYS EXPECTED TO SHAPE UP MAY DRY BULK SCHEDULE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Market plays in the iron ore commodities’ markets, are expected to carve out the future demand for the shipping industry as well, said Allied ...
Wednesday, 29 April 15
MARKET INSIGHT - INTERMODAL
The figures of China’s slowing down imports of coking coal for the first quarter of the year are coming to confirm what everybody was expecti ...
Tuesday, 28 April 15
FOB INDONESIA COAL SWAP DECLINED M-O-M; INCREASED W-O-W
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week but declined month on month.
The Q2 swap was declined US$ 0.15 ( ...
Tuesday, 28 April 15
Q2' 15 FOB RICHARDS BAY COAL SWAP CLOSED 4.18% HIGHER FROM MONTH AGO
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased month over month and slightly week over week.
The Q2 swap ha ...
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- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
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