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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating during the past few weeks, thus boosting overall activity in yards. According to to the latest report from Piraeus-based shipbroker Golden Destiny, the past week ended with 31 fresh orders reported worldwide, for a total deadweight of 712,900 tons, posting a 24% increase from previous week with a 1400% week-on-week decline in bulk carriers ordering activity. At similar week closing in 2011, the newbuilding business was standing at 42% lower levels than today with 18 newbuilding orders, 9 for bulkers, 1 liner, 2 passenger/cruise and 6 special projects. In terms of invested capital, the total amount of money invested is estimated at region more than $615,4 mil with 19 orders reported at an undisclosed contract price. The offshore segment appears the most overweight by grasping 62% of the total amount invested in newbuilding business, it said.
According to Golden Destiny's report, "in the bulk carrier segment, , Precious Shipping of Thailand has placed an order for two cement carriers of 20,000dwt at Chinese yards, Shanhaiguan and China Shipbuilding, as a replacement of two cancelled vessels at ABG Shipyard of India due to delays. The newbuilding cost is about $24,2mil for each vessel with delivery in 2014, with an option of one more with cancelling date March 31, 2013. Furthermore, Vietnam’s Hyundai Vinashin won an order from South Korean player, Joong Ang Shipping Co. for two 63,000dwt bulkers with delivery in September and December 2014 at a price of $25 mil each.
In addition, Chinese CSSC Chengxi shipyard has sealed a string of newbuilding orders with China Navigation ordering four more 39,100dwt bulkers from its initial order of four similar vessels in March with delivery 2013-2014. “This order represents a significant commitment by the company in the energy efficient B Delta 37 design that offers lower fuel consumption, additional cargo deadweight and cargo cubic capacity compared to the best existing designs”, China Navigation said in a statement. Chengxi will also build three 48,500dwt bulkers for domestic energy company Jiangsu Ligang Power with delivery from April 2014 and it has signed a deal with Guangzhou Maritime Transport, a wholly owned subsidiary of China Shipping, for a 65,000dwt bulker" the shipbroker said.
It added that "in the tanker segment, d’Amico International Shipping S.A announced that its operating subsidiary d’Amico Tankers Limited (Ireland) will enter into shipbuilding contracts for the construction of two additional new product/chemical tanker vessels (50,000 dwt Medium Range) with Hyundai Mipo Dockyard Co. Ltd. – Korea. These are expected to be delivered between the end of 2014 and the beginning of 2015, for about US$ 32.0 million each. d’Amico International Shipping S.A. was offered the opportunity to buy these two new vessels by exercising the option, as amended, attached to the contracts when it ordered its two ECO-40 Shallowmaxs, announced on July 26th,2012. These two newbuildings are the latest IMO II MR design with the highest fuel efficiency. Wilmar International of Singapore has placed an order for two MR 49,000dwt vessels at Hyundai Vinashin Shipyard, the joint venture between Hyundai Mipo Dockyard and Vietnam Shipbuilding Industry Corp. (Vinashin) with delivery in the second half of 2014.
In the liner segment, Rickmers-Linie of Germany has resumed newbuilding investments by contracting two 20,000dwt multipurpose ships at China’s Hudong-Zhonghua Shipbuilding. The vessels are scheduled for delivery in 2015 and will be fitted with two main cranes for combined heavy lifts up to 900 tonnes and a third crane for safe working loads up to 120 t.
In the gas tanker segment, Tomza group of Mexico is said to have signed a newbuilding contract for a very large gas LPG carrier at Hyundai Heavy Industries with delivery in July 2014 at a price of less than $74mil. The ship will be built to a new advanced design with a low consumption G-type engine, which will burn 42.9 tonnes of fuel at 16.8 knots, typically 10 tons less than most very large gas carriers.
In handysize LPG segments, Navigator Gas has secured an extension to its deadline on options for two 21,000cbm LPG newbuildings at China’s Jiangnan shipyard. In addition, Chile based owner, Ultranav, has ordered two 22,000 cum LPG vessels at South Korea’s STX Offshore and Shipbuilding as a first eco design order for that vessel segment. The vessels will also have the capacity to carry ammonia and petrochemical gases and will be delivered in August and September 2014" the report said.
Finally, "in the offshore segment, Chinese shipbuilder Jiangsu Eastern HI has won an order for a third UT 755 LN platform supply vessel from an undisclosed Norwegian shipowner, which has exercised its first option. The $9M order, which is scheduled for delivery in 2014, is in addition to its order for two UT 755 LN PSV’s reported in October and an option for a fourth vessel to be declared in January 2013. There are reportedly four further options available by October 2013. The UT 755 PSV’s are designed for transporting solid and liquid cargo to and from offshore oil and gas platforms worldwide. Chinese shipbuilder Cosco, the shipbuilding arm of China Ocean Shipping, has won its first order for the construction of a FPSO from listed Norwegian operator, Sevan Marine, for North Sea use at a cost of $370mil. The unit will be built at COSCO’s Nantong and Qidong yards and be operated in the Western Isles Project that is expected to produce 40,000 barrels of crude per day with production scheduled to start in 2015. The FPSO will have a storage capacity of 400,000 barrels of oil with 78m length and 32m height" Golden Destiny concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
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- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Sical Logistics Limited - India
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