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Wednesday, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
 With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident in the S&P market. However, as the summer lull is now upon us, activity is proving to be even more scarce. In its latest weekly report, Allied Shipbroking commented on the newbuilding ordering activity that there was limited action again this week, “though there seems to be a lot brewing under the surface. There are numerous rumors of orders being worked by several shipbuilders on the tanker side. HHI has been the most prominent of these along with some Chinese shipbuilders though not much has emerged just yet. At the same time there also seems to be an increasing interest amongst potential buyers for dry bulk Kamsarmaxes despite the trends being noted in the market. For the moment these seem to be centered more on price offers and may end up not materializing into something more. Nevertheless it is still interesting to note and may well be a sign of slightly better activity to be seen moving forward”, said Allied Shipbroking.
Meanwhile, in a separate newbuilding report this week, Clarkson Platou Hellas reported “two new orders this week with the focus remaining on the specialised tanker and ropax markets. POET Shipbulding (China) have taken an order from an unknown Singapore based owner for two firm 4,000dwt Asphalt / Bitumen carriers. Delivery of both vessels is due within the final quarter of 2017. Hyundai Mipo have secured an order for a single 31,000GT RoPax for Chinese/South Korean JV operator Weidong Ferry Co. Ltd. The vessel, which will have capacity for more than 700 passengers and container capacity of 320 TEU, is due to deliver in the second half of 2018 for deployment on the Incheon to Qingdao route”.
On a similar note, Allied said that “sale and purchase activity has begun to slow with the beginning of summer. Euronav have lead sales this week with a Resale duo acquired from Hyundai Samho. The two tankers (300,000 DWT) due for delivery later this year have been offloaded by Oceanbulk owned, Product Shipping and Trading for a firm sum of USD 84m each. Also sold in the tanker sector is the Sichem Edinburgh (13,200 DWT, 2007 Blt, 21st Century). The small clean tanker has been done at USD 11m”.
Ships’ values specialist VesselsValue said yesterday that “the bulker market has been much more active than tankers over the past week with a lot of older tonnage dominating the field. Daiichi Chuo have done their smallest Post Panamax, the JP Citrus (85,900 DWT, 2006 Blt, Oshima) at USD 8.2m SS due. Also in the panamax sector is the Golden Lyderhorn (74,200 DWT, 1999 Blt, Sasebo) at USD 3.65m and the Matilde Corrado (72,800 DWT, 2002 Blt, Samsung) bought by Korea Line Corp for USD 4.8m. These sales have pushed older values up signifcantly. The Supramax Peace (55,000 DWT, 2011 Blt, Zhejiang Jiantiao) has been sold at auction for USD 5.6m. Handy values have also seem movement this week following the sales of two Handymaxes, the Blue Sapphire (48,900 DWT, 2001 Blt, IHI) is done at USD 3.3m SS due and the Vipava (46,600 DWT, 1998 Blt, Oshima) is done at USD 2.55m. Two open-hatch Handys have been done En Bloc, the New Mariner and the New Laurel (31,000 DWT, 1999 Blt, Hyundai Mipo). Pan Ocean offloaded the vessels at USD 2.8m each bringing older Handy values down. A Bohai Handy owned by Armania Shipping, the Caju (29,400 DWT, 2000 Blt) has also been done this week for USD 2.45m. A single Boxship has been concluded this week raising July’s boxship deals to 2 against 31 in July 2015. The Sub Panamax Lilac (2,824 TEU, 2005 Blt, Hyundai Mipo) has been sold by KMTC for USD 8m, causing a slight down tick in values. The ship was offloaded by Armania shipping who also offloaded the Caju this week”, VV concluded.
In its report, Allied Shipbroking said that “on the dry bulk side, yet another fairly active week though with hints of further price rises to be seen on the horizon. Buying appetite has improved considerably despite the trends being noted of late in the freight market. We could possibly see a small pause or slowdown during mid-August, though as things stand now it doesn’t look likely to falter the overall upward trend that has been noted of late. On the tanker side, things started to liven up once more with a number of sale in the larger crude carriers and product tankers showing that there is still appetite amongst buyers despite the disappointing trends being noted in the freight market and omens of softer earnings to come. With the price of crude oil having started yet another downward trend these past weeks, its no surprise that interest has resurfaced for tonnage that can be converted and used for storage purposes”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 19 July 16
INDONESIAN THERMAL COAL INDEXES CONTINUALLY FIRM UP ON ROBUST BUYING INTEREST - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose One percent week over week to averaging $40.38 per ton this past week, shows CS ...
Monday, 18 July 16
FROM PIT TO PORT: DRY BULK NEEDS A NEW PATH TO PROFITABILITY - TOC EUROPE
During the golden years for commodities, from 2005 to 2014, high demand and big profit margins pushed companies to produce more and more, sacrifici ...
Monday, 18 July 16
BALTIC DRY INDEX REMAIN FIRM, UP BY 5.97 WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to remain firm with all segments ending in posi ...
Friday, 15 July 16
US COAL PRODUCTION DOWN 8.4% WEEK-OVER-WEEK
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 12.9 million short tons (mms ...
Thursday, 14 July 16
SHIPPING'S HALF YEAR REPORT - 'MUST DO BETTER' - CLARKSONS
It’s the time of year, with the school holidays and end of term approaching, that many pupils will nervously take home their school reports t ...
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- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
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