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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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Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
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- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
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