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Monday, 08 June 15
SHIPPING FLEET GROWTH HAS STARTED TO SLOW DOWN, AS NEWBUILDINGS AMOUNT TO JUST 329 SHIPS OF ALL TYPES SINCE THE START OF 2015 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Challenging market conditions have led to the inevitable reconsideration of ship owners’ priorities. Uncertainty has been the norm over the past few months, most notably since the start of 2015, which is leading most owner to a complete overhaul of all aspects that impact the supply of tonnage. As such, scrapping activity and the reorganization of the newbuilding delivery programme have intensified over the past few months, leading to a hold back of the growth rate of the fleet.
Yet, according to Allied Shipbroking’s latest weekly report, “what will inevitably dictate the course of the market going forward will be the rate of new contracting that takes place, as even if we take steps to counter the effects of the current order-book, their effects are limited if we continue to see the number of vessels on order in-creasing or even holding at their current numbers”.
According to Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied Shipbroking, “to the dismay of the shipbuilding industry as a whole, new contracting has been consid-erably marginalised by shipowners and potential investors. New orders have slowed down to a trickle, with the latest figures pointing to a total of only 329 units of all ship types being ordered in the period between January and May. This is a serious reduction compared to previous years, showing a fall of 61.7% compared to the same period in 2014 and a 55.9% compared to 2013″.
Of course, as Lazaridis notes, “one may say however that this reduction, though considerable in size, might well be attributed solely to a lack in appetite for dry bulkers. This is partly true, with dry bulk orders dropping during this five month period by 78% compared to 2014 and by 70% compared to 2013. Nevertheless, the lowered appetite for new ordering has not been limited to just dry bulkers. Tankers, which have been showing off stellar results in terms of freight earnings this year, have not been able to generate investor interest for new orders to the extent that they had in the past”.
He added that “new contracts have dropped by 40.9% and 48.8% compared to 2014 and 2013 respectively. A point to note however, is that a large chunk of the dry bulk orders that have been switched during this year have been changed over to tanker orders, adding as such to the orderbook without the placing of “new” contracts so to speak. Another sector which has seen additions through the switching of dry bulk orders has been the containership sector, though here it seems that new contracts have been holding at a relatively better pace, falling short by only 26.5% compared to 2014 and 30.1% com-pared to 2013. Finally the Gas sectors, which have seen an extraordinary rebirth in the volume of new contracts being placed during the past 3-4 years, have also been met with scepticism during 2015. New orders here dropped by 69.4% and 55.2% compared to 2014 and 2013 respectively”.
So as we can tell it has been a very difficult year so far for shipbuilders. Lazaridis said that “the main question is as to what extent can this trend continue as we move forward? and with some sectors in the shipping industry showing good earnings results, what is holding poten-tial buyers back from placing new contracts? With the poor performance in the dry bulk market having had a considerable influence on all shipowners and with the global mar-kets struggling to show signs of more prosperous times ahead, it seems that most feel more comfortable to keep a conservative approach in regard to new contracting. At the same time secondhand asset prices have been viewed more favourably during the past five months as the discounts offered are considerable compared to the respective of-fered newbuilding prices. What’s more and as a final point, many potential buyers might well be waiting for further discounts to be offered down the line by shipbuilders, as pressure mounts for them to upkeep their orderbook alive” he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 23 June 15
Q3 FOB INDONESIA COAL SWAP FALL $1.12 IN ONE MONTH
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and week over week, this past week.
The Q3 swap was declined $ ...
Tuesday, 23 June 15
FOB RICHARDS BAY COAL SWAP HAS REMAINED STEADY OVER THE PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and week over week.
The Q3 swap was up US$ 2.32 ...
Monday, 22 June 15
BORYEONG POWER PLANT TO IMPORT 140K MT OF LCV COAL FOR AUGUST - SEPTEMBER 2015
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to purchase 140K Metric Tons (MT) of LCV coal for ...
Monday, 22 June 15
CFR SOUTH CHINA COAL SWAP: UP MONTH OVER MONTH; DOWN WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 0.30 (0.58%) per MT month over month.
A commodity swap is a ...
Monday, 22 June 15
FOB NEWCASTLE COAL SWAP: UP WEEK OVER WEEK AND MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 0.54 per MT (1.19%) month over month to US$ 45.87 per mt. The swap was ...
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- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
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