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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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Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
...
Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
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- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- London Commodity Brokers - England
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