We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial problems that most ship owners are faced with since the start of 2012, appear to have steadied themselves over the course of the past week. According to the latest weekly report from Clarkson Hellas, "enquiries continue across a variety of sectors, with Dry Bulk and Containers in particular continuing to generate interest. Despite this, ordering this week has not been focused in these sectors, with the highlight of the week being another VLCC Tanker order being placed in China, only the second order of its kind this year" Clarkson said.
It added that "the past few weeks have seen a number of earning announcements being released by the Shipyards and these give an interesting insight into the state of the market. Given the pattern of ordering over the past few 18 months and its shift away from the conventional sectors, the results are perhaps not too surprising. In Korea, yards such as Samsung have announced a healthy increase in earnings and revenue, which has been supported by the success of their offshore and LNG product mix. In contrast, results from the publicly listed groups in China and some of those in Japan have been less positive, with revenues showing a decline. With the historical focus of these yards being on the Dry Bulk and other conventional markets, this really does highlight the challenging environment faced by these yards in the current climate.
To contest this, the shipyards have worked hard on their offerings over the past 18 months, not only in the form of new efficient designs, which with the recent Scorpio announcement over the positive performance of their new MR newbuildings ‐ is certainly looking like a positive step, but also in broadening their product ranges to help mitigate against specific sector demand fluctuations. With the market likely to remain challenging in the short term, it will interesting to see how successful these measures will be" Clarkson concluded.
Meanwhile, in terms of the weeks reported business; In Tankers, Dalian Ocean Shipping Company (COSCO Dalian) are reported to have placed an order with GSI (to be constructed at the Guangzhou Longxue) for 3 firm VLCC Tankers of approx 300,000dwt, with options for a further 2 units. These vessels will deliver from 2015 onwards, specific pricing has not been disclosed, but as brokers believe pricing lies in the mid USD 80s Mill. In Dry, Fednav are reported to have placed an order at Universal Shipbuilding for 1 x 25,000dwt handysized ice breaking bulker. The Polar Class 4 vessel will be built at Universal’s Tsu shipyard with the reported delivery scheduled for End 2013. No pricing has been disclosed for this bespoke vessel" the report said.
Of course, the main "weapon" in the ship owners' hands is the scrapping of older carriers, which helps the market absorb the influx of new tonnage. During the past week, according to Lion Shipbrokers, " Bangladesh and Pakistan markets are paying firm levels of $380-$410 for bulkers, $390-$430 for tankers & $385-$420 for container vessels. India remains at same levels as last week paying $410-420 for bulkers, $425-$435 for tankers and $420-$430 for containers. China has firmed paying $330-$340 for bulkers, $345-$355 for tankers, $340-$350 for containers. Turkish market is improved paying $285-$295 for bulker, $300-$310 for tankers and $295-$300 for containers" it said.
Similarly, according to Athenian Shipbrokers' comment on demolition activity, "whether the softening of market sentiment during last week in India can be attributed to the Diwali holidays or simply to cash Buyers finally succumbing to the law of demand alternatives in the Sub Continent, albeit at slightly lower rates than the ones quoted during the ‘surge’ of last 2-3 weeks. Bangladesh is showing no signs of recovery, while China seems to have gained once more market confidence as local breakers persist in offering attractive prices for Far Eastern based tonnage.
Source:Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Tuesday, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
...
|
|
|
Showing 4511 to 4515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Singapore Mercantile Exchange
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
