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Thursday, 09 May 13
DRY BULK SHIP OWNERS KEEP BUILDING NEW VESSELS ON THE BACK OF LOWER PRICES AND IMPROVED MARKET PROSPECTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite the doom and gloom that the dry bulk market has experienced during the past couple of years and especially during 2012, ship owners have increased the rate of their newbuilding orders in the sector, as they are looking for investment opportunities, trigerred by lower prices in various shipyards (close to historical lows), a factor which is difficult to be ignored by many owners. According to the latest report from Piraeus-based shipbroker Golden Destiny, "overall the past week ended with 32 fresh orders reported worldwide at a total deadweight of 2,115,200 tons, posting 61% week-onweek decrease from previous week, with bulk carriers holding 47% share of the total volume of new orders, gas tankers 34%, and containers 19%. This week’s total newbuilding business is 20% down from similar week’s closing in 2012, when 40 fresh orders had been reported, 3 for bulkers, 13 for tankers, 3 for gas tankers, 4 for liners, 2 Ro-Ro, 2 car carrier and 15 for special projects. In terms of invested capital, the total amount of money invested is estimated in region of more than $2,16 bn with 8 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money is invested in the gas tanker segment with 11 new orders, 6 for large LNG carriers, 2 for very large LPG carriers and 3 for handy LPG/ethlylene carriers", it said.
According to Golden Destiny, "in the bulk carrier segment, Japanese shipbuilding group Imabari has won an order for three handysize bulkers of 37,000dwt from Hong Kong based Uni-Asia Shipping, a wholly owned subsidiary of Uni-Asia Holdings with delivery in 2014-2016 at an estimated cost of about $24,3mil each. In addition, Atlantska Plovidba of Croatia has signed a deal with the Chinese shipyard Qingshan to build two 38,700dwt, with an option of two more. According to its statement on the Zagreb Stock Exchange, Atlantska Plovidba said that the new ships would include a new type of main engine which will use considerably less fuel than in previous ships of this type. Delivery is scheduled for the first ship in late March 2015 and on the second in late October 2015. In last, Chinese shipbuilder Yangfan Group has won Yangfan Group has won another two 36,000dwt, self-unloading bulkers from Canada Steamship Lines, bringing to four the number of self-unloaders at an undisclosed contract price with delivery in late 2014 and early 2015. In the capesize segment, Quintana Maritime of Greece is reportedly to have placed an order for two 180,000dwt vessels, with an option for two more, at Sungdong of South Korea for delivery in 2015 at an estimated newbuilding cost of about $47-$48mil" it said.
It added that "in the gas tanker segment, South Korea's STX Offshore & Shipbuilding has received an exercised option for three LPG ethylene carriers from Unigas pool of companies, one each for Othello Shipping, Bernhard Schulte and Sloman Neptun. The 12,000m³ vessels, which were part of an original order placed at the beginning of October 2012, with delivery in 2015 at an estimated newbuilding cost of $32mil each. In the very large LPG segment, Bermuda based trader Petredec is said to have signed a deal with South Korean yard, Hyundai Heavy Industries, for the construction of two 84,000cbm LPG carriers, with an option of two more, for delivery in the third quarter of 2015 for a total newbuilding cost of about $300mil.
In the LNG segment, MITSUI OSK Lines and its Chinese partners China Shipping and SINOPEC have confirmed orders of six LNG carriers, to be built by Hudong-Zhonghua Shipbuilding. The ships are to be owned by a joint venture being formed by the three shipping groups, with MOL taking a 20% stake. The LNG carriers are expected to be delivered on or before April, July and November in 2016 and March, July and November 2017. The total price of the six ships will be about $1.5Bn, with debt financing of $1.2Bn provided by a syndicate made up of the Export-Import Bank of China, Industrial & Commercial Bank of China, Bank of China, Sumitomo Mitsui Banking Corp, Bank of Tokyo-Mitsubishi UFJ and Mizuho Corporate Bank, with Sumitomo Mitsui Banking Corp as financial adviser.
In the container segment, Bernard Schulte of German has placed an order for four more 2,300 TEU vessels at China’s Yangfan for delivery in 2015 at an undisclosed contract price. The initial order of four was placed in October last year and the owner currently holds an additional option of four more vessels bringing the total to 12. In the post panamax segment, Embiricos connected company, international Maritime Enterprises, is said to have inked a deal for the construction of two 9,000 TEU boxships at Hyundai Samho for delivery in 2014 at a cost of $81mil each", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- White Energy Company Limited
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- The University of Queensland
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- SMC Global Power, Philippines
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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