We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, as ship owners are scaling back their investments in the newbuilding market. As a result, during the past week, shipbrokers reported only limited new orders being placed in various shipyards around the world. It seems that the current oversupply issues which have plagued both the dry bulk and the tanker markets, as well as part of the container business as well, as a result of the pace of newbuilding deliveries, is one of the reasons why owners are looking to help the market "breathe", by limiting further ordering activity.
In addition to the above, the current state of the global economy and the latest world trade trends, aren't favorable for a faster absorption of these new vessels, which are currently been delivered at a record pace. Last week, the World Trade Organization downgraded its view on the projected growth of world trade for the 2012-2013 period, something already evident in many dry bulk trades, especially since China has entered a period of rebalancing and controlled growth. At the same time, another important issue for some ship owners at least, is that of financing. Finding the proper financing scheme from banks still active in the shipping sector can be a tricky thing these days. Most owners are reporting that the costs of financing have risen exponentially, especially since some banks have found themselves being ship owners, through reposessing those assets from bankrupt shipping companies. As a result, only cash-rich investors are able to take advantage of the favorable conditions now prevalent in pricing of vessels.
Still, some owners are finding it difficult to turn down ordering opportunities, since shipyards, which are eager to fill up their slots for the years 2014-2015 are offering quite attractive deals, at prices close to halved, when compared to similar orders taken during 2007-2008. But, most owners are avoiding orders for traditional-type of vessels, like VLCCs or Capesize dry bulk carriers. Instead they are looking to capitalize in the growth prospects of niche markets rising in the shipping industry, from LNG carriers, to offshore rigs and car carriers, ship owners are increasingly hunting for new business opportunities, which could yield significant financial benefits in the future.
As a result of this, Clarkson Hellas said in its latest newbuilding report, that the few number of orders reported this week, "have followed in a similar vein to recent times, with the orders either placed in the more niche sectors such as the car carrier markets, or for newer more economical conventional tonnage. Whilst global market conditions continue to remain somewhat challenging, enquiry is now beginning to pick up in various sectors, as owners increasingly look to take advantage of not only the capacity on offer at the shipyards, but also the design development work that has been carried out by them. The container market in particular is beginning to see some signs of movement, with various discussions being mooted amongst the yards and owners. This sector, like the dry and tanker sectors before it, has seen plenty of recent design improvement work carried out by the yards. With many of the yards hungry for business, this sector in particular, with its typically more complex design requirements looks an attractive option for the yards as they attempt to best utilise their available capacity" said Clarkson Hellas.
It added in its report that "in regards to the reported business; In Dry, Sasebo Heavy Industries are reported to have won two separate orders for a total of 3 x Panamax Bulk carriers. Clients of DST shipping are understood to have ordered 1 x 75,000dwt unit with delivery in 2013, whilst clients of Fundador Naviera are reported to have taken a further two units, believed to be 77,000dwt, with delivery in 2014 onwards. Pricing for these latter units, is expected to be in the region of USD 30 Mill. Jiangsu Eastern have also been reported to have won an order from clients of Oldendorff for 1 option 1 x 94,000dwt Bulk Carriers. The unit is understood to be a self‐unloading bulk carrier and delivery is scheduled within 2014. Finally in Car Carriers, DSME Mangalia are reported to have taken an order for 2+2+2 x 6,500 CEU PCTCs from clients of Ocean yield AS. Delivery for these units has provisionally been scheduled from 1H 2014 onwards. Pricing has not been disclosed" the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
|
|
|
Showing 4566 to 4570 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- The University of Queensland
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
|
| |
| |
|
