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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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Monday, 25 April 16
BALTIC DRY INDEX ENDS WEEK ON A POSITIVE NOTE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 22 April 16
U.S WEEKLY DOMESTIC COAL OUTPUT UP 8.2 PER CENT - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.1 million short tons (mm ...
Thursday, 21 April 16
PANAMAX: A VERY HEALTHY NORTH ATLANTIC FOR BOTH ROUNDS AND FRONTHAUL
Capesize
Correcting after last week's quadrupling.
This year's highest daily average of USD 8000 came on the back of substantial pro ...
Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we ...
Tuesday, 19 April 16
STARS STILL SHINING? KEY IMPORTERS THROUGH THE TELESCOPE - CLARKSONS
As the pace of growth in Chinese seaborne imports has slowed, and prospects for a return to stronger rates of expansion appear to have diminished, ...
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- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
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