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Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up by c.2% since the start of October to USD 16.70 mil.
Interest in the Handysize sector has led Bulker sale and purchase activity since the start of the month. 10 sales recorded so far in October, accounting for 30% of all Bulker transactions.
Sentiment remains firm for this sector. Although rates have fallen from the highs seen earlier this year, they remain above average, with period rates for Handysizes continuing to outperform their larger counterparts. Spot rates for Handysizes are currently at 17,269 USD/day, compared to just 16,883 USD/day for a Capesize. Figure 2 shows the Bulker spot rates for each vessel type by earnings per day.
Notable sales include the Lodestar Pacific (33,400 DWT, March 2015, Shin Kochi) which sold for USD 19 mil to Evalend Shipping of Greece, VV value USD 18.65 mil. The Grikos (30,400 DWT, Jun 2006, Shikoku) sold to Greek buyers for 12.5 mil, VV value USD 11.5 mil.
LNG values skyrocket
LNG values have received a boost as earnings skyrocket once again, surpassing last year’s record breaking peak and rates have yet to reach a ceiling. At the time of writing, timecharter rates were at 440,927 USD/day according to the Baltic Exchange. High demand for LNG vessels, due to the energy demand and the conflict in Ukraine that cannot be met, combined with low fleet supply, has sent freight rates sky high.
As a result, LNG values have continued on their upward trajectory, with newbuilding prices for large LNG carriers up 20% year on year from USD 203.79 mil to USD 244.88 mil. As a result, the number of newbuilding orders placed is up c.92% from last year at 142 orders. Some of the main market participants have been MOL, NYK Line, Global Meridian and Knutsen OAS, ordering up to 15 vessels each so far this year.
Notable newbuilding orders this month include an en bloc order from Venture Global LNG for two 200,000 CBM vessels, scheduled to be built at Daewoo and delivered in 2026, contracted for USD 250 mil each.
TMS Cardiff Gas also added a further order to their newbuilding list for a Large LNG carrier of 174,000 CMB. This vessel is scheduled to be built at Hyundai Samho and delivered in 2026, contracted for USD 246.97 mil, VV value USD 246.35 mil.
Source: VesselsValue
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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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Showing 191 to 195 news of total 6871 |
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- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
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