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Thursday, 28 March 13
SHIP OWNERS KEEN ON ACQUIRING SECOND HAND TONNAGE, AS WELL AS NEW BUILDINGS IN CONVENTIONAL SEGMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship owners to stage a come back in the second hand and newbuilding markets, during the course of the past week. According to the latest report from shipbroker Intermodal, "tankers and bulkers attracted equal interest in the secodnhand market. What we hadn't seen for a long time was two VLCC sales in the same week and interesingly enough it looks like things have finally started to move in a sector that has remained sluggish for a while now, and has possibly reached more enticing price levels for potential buyers. On the Tankers side, we had the sale of the “ANTONIS” (309,371dwt-blt 01 S. Korea), which was reported sold at price of $ 26.5m by Greek buyers. While on the dry bulker side, we had the sale of the “C. S. PEGASUS” (77,663dwt- blt 98 Japan), which reportedly was picked up by Indonesian buyers for a price of $8.0m", the shipbroker said in its weekly report.
Meanwhile, in the newbuilding market, it noted that "neither tanker, nor dry bulk owners appear to be disheartened, by what is still a very difficult market, moulded almost exclusively by charterers in the most popular sectors. As in every industry that is hovering around its lows, in shipping as well, the hope that a recovery will take place in the next couple of years is fed not only by wishful thinking but also by what the market ’gurus’ are pointing to. In this case Mr. Fredriksen is definitely leading the way. With around 53 orders being confirmed so far, the leader behind Frontline, has bet across a variety of sectors. What differentiates a company like that from the rest of the shipping world though, is not only the size of the Norwegian colossus but its reputatioon as well. For those owners that are ready to push the button of the newbuilding order don't forget that although finance might be found, what is hard to secure is the siding of your investor during bad times and it is rarely any other than A-list owners achieve that. In terms of reported deals this week, US listed Teekay reportedly placed an order for 4 firm plus four optional Aframaxes (115,000dwt) at STX, S. Korea for a price of $ 45.0m and delivery in 2015", Intermodal said.
Finally, in the demolition segment, shipbroker Golden Destiny said that India has regained its strength with Bangladesh trying to compete as it still faces political issues and problems with letters of credit. In India, the upward price momentum, from last week, persists with benchmark scrap rates gaining another $15/ldt for dry/general and wet cargo and rising to $415/ldt for dry and $445/ldt for wet cargo, while in Bangladesh, benchmark prices are still floating below $400/ldt for dry cargo. In China, ship-recyclers remain quiet with no aggressive pricing as many yards have fulfilled their capacity and Pakistan remains out of the game with no success in securing new tonnage. The week has been marked with firm vessel disposals in the container segment heading in India at strong prices $450-$460/ldt. An interesting demo deal reported for a small panamax container vessel of 4,024 TEU blt 1993 with about 18,600ldt that achieved $470/ldt for India, including 280tons bunkers remaining on board.
The week ended with 19 vessels reported to have been headed to the scrap yards of total deadweight 1,022,988 tons. In terms of the reported number of transactions, the demolition activity has been marked with no change from previous week, showing 100% weekly increase in the bulk carrier segment, but 80% and 40% weekly decrease in liner and container vessel disposals. In terms of deadweight sent for scrap, there has been 49% decrease with two capesizes and one panamax bulker reported for scrap and India winning 8 of the 19 total demolition transactions. At a similar week in 2012, demolition activity was at the same current levels, in terms of the reported number of transactions, 19 vessels had been reported for scrap of total deadweight 1,208,985 tons with bulk carriers grasping 63% of the total number of vessels sent for disposal. India and Bangladesh had been offering $450-$460/ldt for dry and $480-$490/ldt for wet cargo" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 31 March 13
COAL FREIGHTS ARE IN FLAT TO WEAK TREND - VISTAAR
COALspot.com - This freight market after several weeks of firming up seemed to lose steam and this week all the indices were down except for handy s ...
Friday, 29 March 13
SUB-BIT INDONESIA COAL SWAPS: UP 0.55 % WOW; CFR SOUTH CHINA COAL CONTRACT: UP 0.23 % WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.55 percent and CFR South China coal shipment&nbs ...
Wednesday, 27 March 13
PTBA HAS CONCLUDED US$ 16.14 BILLION WORTH OF COAL SALES AND PURCHASE AGREEMENT WITH PLN
COALspot.com - PT. Bukit Asam, a 32 years old Indonesian state owned coal miner has signed a coal sales and purchase agreement with PT PLN, (a state ...
Wednesday, 27 March 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according ...
Tuesday, 26 March 13
NEWCASTLE PORT SHIPPED 2.39 MMT OF COAL W/E 25 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2.396 million tons of thermal and coking coal for week ended 0700 hours 25 March 2013, N ...
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- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
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