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Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons (LDT), considered small tonnages and bearing the name "Chotta Jahaj" in the local market, are usually commanding less rates in the demo market. According to Star Matrix, "they normally find end of life voyage to Mumbai ship recycling yards and hence a complete change in ship breaking estimation and costing applies to it. In comparison to alang, the yards in Mumbai are rented on per ship basis and hence the cost is derived on the time taken to break the ship, GRT/NRT, light ship and BPT (Bombay port trust) approvals/fees per ship. With 12-15 breaking plots, on the rental basis, the breaker is at the mercy of Bombay port trust, for the permissions and the approvals of breaking a particular ship" Star Matrix noted in its weekly update.
It added that "a wrond description can put owner, cash buyer and breaker in the soup of delays on permit for beaching. If the owners/cash buyers, miss the laycan, chances are that the owner/cash buyer will be left high and dry by the breaker in Mumbai, as he then misses out the plot to the breaker who is committing the beaching of his bought ship at the yard. The price per lightship is less as compared to Alang, as there are other charges of excise duty 14.76 PCT, octroi 5 PCT and other additional taxes which comes out to around 3 PCT in all; hence an overall increase in 22 PCT of the price of the ship purchased for demo in Mumbai shores.Hence there is a lower cost per ldt while offering for Mumbai shore. None the less Mumbai , has been breaking approx. 60 small ships a year, which approx. 300,000 MT of recycling steel i.e 10 pct of the number of ships that alang breaks and 5 pct of steel recycled through alang yard", Star Matrix said.
It also noted that "none the less, the price quoted by cash buyers for small tonnages are always basis delivery option for alang/Mumbai India, hence giving all the benefits to the owners for the market based in alang, and giving owners a top dollar from Indian markets. Reefers are banned, container,bulker are of highest preference, tankers and Ro-pax are not preferred" Star Matrix concluded.
Meanwhile, in the demolition markets this week, the final of 2012, "India makes history in terms of maximum number of ships beached this year, with 527 vessels making an average of 1.4 ships beached per day. With 5.2 Mil Metric Ton being recycled from ships, Ship Recycling in India contributed to 9 Pct of total steel manufactured in India. This week though not much activity in international market, few owners are negotiating pvt deals and hence keeping cash buyers at work. 12 vessels waiting for tide to beach, and 5 ships expected to arrive, During the final week of this year's December, a total of 52 ships were recorded arriving in Alang. There has been decent stability in INR with week ending at 54.87 making favourable markets" the report said.
In Bangladesh there was optimism, but more movements are expected by mid-January 2013. Hence will attract bigger vessels for respective yards .LC issues are being resolved, breakers are opening LC to acquire confident tonnage, but renegotiation still remains the game in the yard.
China's demolition market has again geared up with a little influx in price, hence now opening doors for owners to have a very competitive offers basis delivery India, Pakistan, Bangladesh and China. Developing a healthy negotiating scenario across the Ship breaker, cash buyers, brokers and owners for the sale of the demo candidate.
In a separate weekly update, Hellas-based Athenian Shipbrokers noted that "the holiday spirit appears to have caught up with the market, as especially sub-Continent breakers maintain and enhance the cautious climate observed during the past few weeks. It is noticeable that only few sales of tonnage have bNicaraguan President Daniel Ortega seeks foreign investment from Brazil, China, Russia and Venezuela to help build the waterway. Ortega looks to the plan as an alternative to the Panama Canal, fulfilling a national dream more than 150 years in the making.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...
Thursday, 31 January 13
DRY BULK RATES ON A FALLING PATTERN DUE TO ADVERSE WEATHER CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The seasonal factor has emerged as the latest catalyst in determining the course of the dry bulk market, as the floods in eastern Australia, the big ...
Thursday, 31 January 13
NEWCASTLE PORT SHIPPED 2.70 MMT OF COAL W/E 28 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,703,921 MT of thermal and coking coal for week ended 0700 hours 28 January 2013, Newca ...
Thursday, 31 January 13
MMTC TO IMPORT 2.68 MMT OF COAL FOR ARAVALI POWER CORPORATION LTD
COALspot.com: The tender floated by MMTC on behalf of Aravali Power Corporation Ltd, a Joint venture between NTPC and State of Haryana for supply of ...
Wednesday, 30 January 13
TNPL TO SECURE 300K MT OF IMPORTED COAL SUPPLIES AT US$ 75.95 PMT FOR MARCH - AUGUST 2013 DELIVERY
COALspot.com – Chennai based Coastal Energy Private Limited (C&O Group of companies) offered lowest price of US$ 75.95 per met ...
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- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- MS Steel International - UAE
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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