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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM are currently at an all-time high of USD 269 mil, up by c. 6.1%.
Values for LNG vessels have increased across all sub sectors and age categories since the start of the year, with 20YO Large LNG vessels of 140,000 CBM up by around USD 10 mil from USD 62.85 mil to USD 72.40 mil, equating to a c.15% increase since the first of January 2024 .
At the moment, the orderbook for the Large LNG sector specifically, stands at c.64% in comparison to the live fleet. The majority of orders placed so far this year are in the Large LNG sector, representing c.74%, followed by QMAX with c.23%. Historically, the only other orders taken for the QMAX sector were in the 2000’s, indicating that the recent orders could be part of a fleet renewal program. Qatar has lead orders in 2024 with a share of c.44%, the UAE represents c.13% and in third place, China with c.9%.
Earnings are currently stable but at low levels, which is usual for the time of year. Although LNG spot rates are up by c.12% month-on-month. Year on year earnings are down slightly by c.1%. However, positive sentiment for this sector stemming from geopolitical uncertainties and an increased amount of LNG being delivered to EU ports to replace the Russian Gas formerly shipped by pipeline, in combination with a push towards newer, greener vessels, have ensured that newbuilding demand for the LNG sector has remained firm.
Notable new orders include 10 x Large LNG vessels of 174,000 CBM by ADNOC scheduled to be built at Samsung and Hanwha Ocean and set to be delivered in 2028, VV value 2.7 bn.
Source: Veson Nautical
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
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- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
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