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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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Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
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- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- Minerals Council of Australia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
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