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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, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
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- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Planning Commission, India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- ASAPP Information Group - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
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