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Wednesday, 20 May 15
LOWER PRICES SEEN IN NEWBUILDING MARKET ON LOW DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Cash-rich ship owners, or at least, owners with substantial access to financing will be among the prime candidates, who will reap the benefits of the current down time of the newbuilding market. With new orders dwindling by the day, especially on the wake of the dry bulk market’s oversupply issues, shipyards will be looking to heavily discount their prices sooner, rather than later. As such, many owners are refraining from more orders, until they see a clear indication of discounting.
According to the latest report from shipbroker Allied Shipbroking, “the pressure keeps on mounting on the newbuilding front, as the sub par performance in terms of new contracting is bringing on the pressure and forcing for further competition in terms of pricing beyond the sectors which are facing the biggest difficulties. We have slowly started to see discounts being offered beyond the dry bulk sector, as shipbuilders try to feed the market with incentive for further order-ing. Nevertheless, it all looks as though we may well close the year with some of the lowest activity volumes noted since the early 2000’s. Though many will see this as a positive, bringing about a fast paced decrease in the orderbook, which is something that we have been hoping for over the past five years, but at the same time the pressure placed on the market will put strong financial pressure on shipbuilders, possibly leaving a possibility for a small domino effect onto any parties that have provided backing for those same shipbuilders. In effect effort will now have to be placed on closer cooperation be-tween closely linked shipbuilders, while it might be the much needed push to drive the shipbuilding industry into further consolidation and leave fertile ground for further merger and acquisition deals to take place”, Allied said.
In a separate note, Clarkson Hellas added that there were “no new orders in either dry or wet this week, with the focus continuing to be on the more niche markets. We’ve seen a number of new contracts announced in Japan for LNG carriers. NYK Line confirmed contracts for two firm 165,000cbm LNGCs at MHI Nagasaki with delivery due in 2018. The vessels are due to go on charter to Mitsubishi Corp subsidiary ‘Diamond Gas International’, and will be based on the Sayaringo STaGE design. Trinity LNG Transport (a JV between K-Line, Imabari and Mitsui) also confirmed an order for a single 178,000cbm LNGC at Imabari with delivery in 2020. Uljanik in Croatia announced an order from Siem for two further 7,000ceu PCTCs taking the total series to five vessels. Delivery of the latest units is due in the end of 2017 and early 2018″.
Meanwhile, in the demolition market, Allied Shipbroking noted that “with most of the Indian Sub-Continent having filled up their quotas and looking to be taking their time going through their current inventories, activity started to slump slightly pulling down the offered prices with it. Taking into account however the performance of the mar-ket this year so far, it looks as though once the current purchases have been “digested” we may well be looking at another small price rally. The market has seemingly been able to keep pace with the large number of demo candidates that have been offered and looks more then ready to take on the rest of the year with similar zeal. Having said that we are slowly moving closer to the Monsoon season and it looks as though we will likely see 1-2 more firm round of purchases before the seasonally quieter early summer period begins. The lack of support from Chinese breakers still leaves a big gap in the market, though it looks as though the market has managed to hold up fairly well up to now despite their overall absence. This last point is likely to translate into an even softer monsoon season comparatively to what we witnessed in previous years in terms of pricing, though with the gap narrowing it might motivate for more tonnage to head their during the summer months at least”.
In a separate note, Athenian Shipbrokers said that “the sale of ships for recycling slowed again last week, with buyers throughout the sub-continent and especially in the Bangladeshi and Pakistani markets appearing for the most part content with deliveries already in their hands. Levels on offer certainly did not meet the expectations of shipowners, with dry vessels flooding the market. As long as there is no sign of an improvement in freight rates and bulker demolitions are still outpaced by new deliveries, the market does not expect that the supply of tonnage for demolition will dry up any time soon. In general Bangladeshi and Pakistani markets were quiet throughout last week, while Indian buyers were heartened by the local currency’s positive movement with a few sales taking place reportedly, albeit at low levels. Far – Eastern breakers once more did not compete on available tonnage, rather concentrating on subsidized Chinese – owned tonnage only”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 01 April 15
SUPRAMAX & HANDY: RATES HELD STEADY TOWARDS THE WEEKEND
“Despite the fact that the Dry Bulk market closed off on the green last week, sentiment didn't improve by any means, not only because of ...
Wednesday, 01 April 15
WEEKLY SHIPPING MARKET UPDATE - INTERMODAL
There is no doubt that we are still witnessing a very challenging and at the same time very uncertain market, both with respect to dry chartering a ...
Wednesday, 01 April 15
Q4' 15 INDONESIA COAL SWAP CLOSED AT $45.15 W/E 27 MARCH 2015
COALspot.com: Indonesian coal swap for delivery Q2' 2015 drops month on month and week over week.
The Q2 swap declined US$ 1.54 (3.24%) mo ...
Tuesday, 31 March 15
RICHARDS BAY COAL SWAPS GAIN WEEK OVER WEEK
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month but increased week on week.
The Q2 swap has ...
Monday, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
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- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Eastern Energy - Thailand
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
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