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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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- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
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