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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, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
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- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
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