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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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Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
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- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
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