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Thursday, 25 February 16
DRY BULKERS ARE SCRAPPED AT RECORD PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The newbuilding market is at a lull these days, as ship owners are focusing on two fronts, getting rid of excess dry bulk tonnage and snapping up bargains at the second hand sales market, while tanker owners are mostly riding out the current wave of economic uncertainty, as a result of the slowing down of the world’s economy and the newly added fear of a Brexit.
According to the latest weekly report from shipbroker Allied Shipbroking, in the newbuilding market, “a trickle here a trickle there and still short of anything noteworthy to keep this market alive. The relatively few number of orders continues to pound on the shipbuilding industry, while the few buyers in the market are taking their time, knowing that they hold the upper hand. There are talks circulating of an imminent order to be placed by French liner operator CMA CGM at South Korea’s big three shipbuilders for another set of ULCV container ships, though being at a preliminary stage, it is unknown for how many and at what price these will be booked when the time comes. The containership market is one of the few that can provide some sort of life line during the current market, as despite the lacking performance noted in the freight market, the paradoxical demand for new bigger ships created by the intense competition by liner operators keeps interest in the newbuilding market firm. These orders may well be few in number but usually provide a very good cash flow and good margins for the shipbuilder, often making the difference between survival and default”.
Meanwhile, in a separate report, which is an indication of the “drought” period that the newbuilding market is experiencing right now, shipbroker Clarkson Platou Hellas noted that it was “a relatively quiet week in the Newbuilding market with only one order to report. In Dry, U-Ming Marine Transport Corp. have announced placing an order at Oshima Shipbuilding Co., Ltd. for two firm 81,500 DWT Kamsarmax. It is understood that the deliveries for the duo are set throughout 2019 and 2020 from Saikai, Japan whilst pricing remains undisclosed. The Taiwanese owner already have experience of taking delivery of four 85,066 DWT Bulk Carriers from Oshima back in 2014 and 2015”, said the shipbroker.
In a report this week, Lion Shipbrokers noted on the S&P Market, that although this short dry bulk rally is a good opportunity for all real sellers out there to sell fast (as volatility prevails), “this week was rather dull, as we recorded just 7 transactions (2 capes, 1 supramax, 1 handymax & 3 handies). Prices are sliding further, as it is clearly evidenced in the sale of vintage cape KOHYOHSAN (172K BLT 2001 NKK/JAPAN) sold to Turks for $5 mill while seven months ago (July 2015) she was reported sold for double the money (i.e $10 mill). Four year old Diamond 53 design supramax ANNE KJERSTI (53K BLT 2012 HALONG/VIETNAM) has changed hands for the soft level of $6 mill, while Germans have purchased at auction handysize resale LONG FORTUNE (36K DELY JUNE 2016 EX- SHANDONG HUAHAI/CHINA) for just $6.75 mill. Daiichi controlled handy OCEAN KITE (37K BLT 2012 HYUNDAI MIPO/S.KOREA) went to Vietnamese buyers for $8.3-$8.5 mill, while her exact sister OCEAN JEWEL was committed one month ago for $8.9-$9 mill (about half a million more)”, said the shipbroker.
In the demolition market, Lion Shipbrokers noted that “the genocide of larger bulkers continues; 31 capers (including ore carriers) and 44 panamaxes have been torched since the begging of this year. Pakistan has secured the single skin FPSO unit FARIDAH (LDT 41,261) for the firm price of $245 per lt after several weeks of on/off negotiations basis advance payment in full prior her sailing from A.G. to Gadani’ shores. Bangladesh has snapped 2 VLOC units, namely RENATE (LDT 32,450) & WUGANG ORIENT (LDT 37,342) for $230 & $234 respectively (plus 3 capers and 1 or 2 panamaxes). The rest of the scrapped tonnage this week went to India, despite the continuous softening of the demo rates as Alang plots are quickly filling up (currently at 80% capacity).
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days.
A Jakarta-based ...
Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...
Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape
A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report.
...
Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal
The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...
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- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Anglo American - United Kingdom
- Australian Coal Association
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
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