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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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Wednesday, 06 July 16
MARKET INSIGHT - VASSILIS VASSILIOU
After a fairly silent first half of the year in the ship repair sector, we have finally a harmonized workload in the shipyards around the world. Ma ...
Tuesday, 05 July 16
DRY BULK SHIPPING'S RECOVERY NOT SEEN UNTIL 2018 - SGX
SGX freight derivative volumes totaled 36,542 contracts in June (-28% m/m; +52% y/y), while open interest averaged 121,189 contracts during the mon ...
Tuesday, 05 July 16
SPOT COAL INDEXES FOR INDONESIAN COAL CONTINUE TO HOLD FIRM - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.83 percent week over week to averaging $39.98 per ton this past week, sh ...
Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the r ...
Monday, 04 July 16
BDI ROSE ON STRONGER DEMAND ACROSS ALL VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 11.16 percent from la ...
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- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
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