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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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Tuesday, 17 March 15
GAS TO CHALLENGE COAL IN THE ASIAN POWER GENERATION MIX - WOOD MACKENZIE
KNOWLEDGE TO ELEVATE
Wood Mackenzie says that coal is facing increasing competition from gas in the power sector. Coal has dominated as the fu ...
Tuesday, 17 March 15
RIO TINTO PAID US$ 7.1 BILLION IN TAXES IN 2014
COALspot.com: Rio Tinto has published its latest Taxes paid report, detailing the US$7.1 billion in taxes paid by the company around the world in 2 ...
Tuesday, 17 March 15
NEARLY 17% OF US COAL PRODUCTION UNECONOMIC AT CURRENT MARKET PRICING - WOOD MACKENZIE
COALspot.com: Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mi ...
Tuesday, 17 March 15
Q3' SA COAL SWAP CLOSED $57.30 PMT W/E 13 MARCH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and gained week on week.
The Q2 swap has fe ...
Monday, 16 March 15
MAKING THE WORLD GO ROUND - SEABORNE TRADE! - CLARKSONS
Money, or even love if you prefer, are claimed to make the world go round. For the shipping world, however, it’s trade that sets things spinn ...
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- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- CNBM International Corporation - China
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
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