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Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their focus has been on niche segments of the market, which are less overcrowded than more traditional parts of the market, like tankers and dry bulk carriers. According to the latest weekly report from Clarkson Hellas, during the course of the past week, there has been further ordering of course on the various conventional asset classes, but the PCTC (Pure Car and Truck Carrier) sector has again won further orders.
According to the report, "we have already seen 25 firm Vessels contracted this year in the 3,500-7,300 CEU sector and with further options due to be declared within the end of this calendar year, we might see this number creep into the 30’s. This will be the most significant ordering in this sector in recent years, with only four firm vessels ordered last year, 21 in 2010 and 12 in 2009. As we have seen in the other conventional sectors, the ship designers have been working hard and have made significant reductions in the fuel oil consumptions of these new orders compared to the Vessels already on the water. The main debate amongst the owners and operators has been over choosing a panamax (sub 7,000 CEU) or a post-panamax beam design and to this date, the more traditional panamax beam design parameter has been the one to attract the most orders" Clarkson Hellas said.
PCTCs require specialized construction. For example, the internal decks are made from thinner steel plates that require skilled welding techniques and the design of these areas must ensure maximum cargo space, flexibility and efficiency. Only a limited number of shipyards and shipping companies worldwide are equipped to build this tonnage. Technical management is also specialized. Crews must be proficient in the additional systems on board a car carrier (ramp operation, deck lifters and ventilation) and competent in handling vehicle cargoes. Seaborne vehicle trades are worldwide and evolving as they track the globalization of the vehicle market. This is positive for the PCTC market, boosting ton-mile demand while providing more resilience to car makers and more choice for consumers. In addition to passenger vehicles, PCTCs also carry ‘high and heavy’ cargoes such as construction and agricultural equipment, trucks and machinery which have their own unique trading patterns.
Clarkson Hellas said that in terms of reported business, "in the aforementioned car carrier market, STX are reported to have won an order for two option two x 6,500 CEU PCTCs. These have been ordered by clients of Zenith Partners Korea Co. and will be built at STXs main facility in Jinhae, Korea. The two firm units are scheduled to deliver in 2015 and pricing is understood to stand in the region of USD 65 Mill per vessel. Hyundai Mipo meanwhile are understood to have won a further order from the Grimaldi Group for a further pair of 28,600dwt Con-Ros. These are understood to be the declared options from their original deal for 3 units signed in September, bringing the number of vessels ordered in the series to five in total. The latest pair are also expected to deliver in 2015 and pricing understood to stand at circa USD 70 Mill per vessel.
In containers, Hanjin are reported to have won an order from clients of NSC Holding GmbH for a pair of 9,000 TEU container carriers. The deal is understood to hold options for up to as many as four additional vessels and pricing has been reported at USD 81.65 Mill per vessel. The two firm units are provisionally to be scheduled to deliver in Jul & Sep 2014. Part of the funds for this order will have come from the money Clients of NSC left behind from their cancelled order for four 13,000 TEU Vessels back in the peak of the market in summer 2007.
Finally in Dry, it was reported that U-Ming had ordered a pair of wide beamed 84K Bulk carriers at Oshima Shipbuilding for delivery in 2H 2014. The vessels were reportedly contracted at a price of circa USD 33.5 Mill which whilst seems somewhat rich, we understand this deal was concluded earlier this year, hence not only the price but the relatively early deliveries" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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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 ...
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 prob ...
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.
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- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Planning Commission, India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- GMR Energy Limited - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
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