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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, 04 April 16
INDONESIA CS57 COAL INDEX SLIDES SLIGHTLY WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 0.07 percent week over week to averaging $38.88 per ton on this past Friday, ac ...
Monday, 04 April 16
CAPE INDEX JUMPED 70% WEEK ON WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 01 April 16
ASSESSING THE DRY BULK MARKET AT ROCK BOTTOM - CLARKSONS
While the opening months of the year are typically a weak period for the dry bulk market, the downturn so far this year has been severe. Earnings h ...
Friday, 01 April 16
NINE AM - TIME TO GET AN INDONESIAN LANGUAGE VERSION OF YOUR CHARTERPARTIES - CLYDE & CO
KNOWLEDGE TO ELEVATE
For several years, Indonesian law (Article 31, Law Number 24 of 2009) has required that memoranda of understanding (" ...
Friday, 01 April 16
U.S. COAL PRODUCTION UP SLIGHTLY WEEK OVER WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.6 million shor ...
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- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- The University of Queensland
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
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