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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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Thursday, 19 May 16
AUSTRALIAN IRON ORE CARGOES PUSHED UP THE FREIGHT RATES FOR CAPE THIS WEEK - FEARNLEYS
Cape
It has been a big jump in the freight rates for Cape size this week, says Fearnleys in its latest weekly report. All of the Australian iron ...
Thursday, 19 May 16
DISPUTE OVER VAT ON COAL DRAGS ON, CAUSING DOUBLE-BLOW TO MINERS - JP
The dispute over the value-added tax ( VAT ) mechanism between coal miners operating under third-generation contracts and the Finance Ministry&rsqu ...
Wednesday, 18 May 16
DRY BULK OUTLOOK REMAINS GLOOMY SAYS DANISH SHIP FINANCE, AS SHIPPING NEEDS TO RETHINK BUSINESS MODEL - HELLENIC SHIPPING
Our Shipping Market Review – May 2016 is devoted to the fourth industrial revolution. To understand the truly disruptive nature of the fourth ...
Wednesday, 18 May 16
LONG TERM FUNDAMENTALS ARE SLOWLY IMPROVING FOR THE DRY BULK MARKET - INTERMODAL
As we are approaching the end of the first half of the year, there is a number of market participants over at the dry bulk sector that have started ...
Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
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Showing 2426 to 2430 news of total 6871 |
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- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
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