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Wednesday, 27 November 13
SHIP OWNERS ONCE AGAIN TURN TO DRY BULK CARRIERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners once again turned to more dry bulk carrier ordering over the course of the past week, as more and more appear convinced of the industry's long term prospects. In total, shipbrokers reported a total of 77 new orders for ships with an aggregate carrying capacity of 8,080,772 tons, out of which, 44 transactions were reported at an undisclosed price. According to Piraeus-based shipbroker Golden Destiny, the total amount invested stood at $1.5 billion for 33 new orders (involving many vessels each).
The shipbroker noted that out of the 77 new vessels ordered, 37 were dry bulk carriers, 14 were tankers, 6 were container ships, 2 were car carriers, 3 were gas tankers, while the remaining 15 were special projects. In total, the weekly newbuilding activity was 57% higher than last week and a rather impressive 83% up over the similar week of last year. According to Golden Destiny, "the largest volume of newbuilding activity is reported in bulk carrier segment with focus in ultramax/kamsarmax/capesize vessels and VLCC tankers. Orders for bulk carriers and tankers held 48% and 18% share respectively of this week’s ordering activity; special projects follow with 19% share and containers with 8% share", said Golden Destiny.
It added that "at a similar week in 2012, 42 fresh orders had been reported with zero reported business for tankers (9 bulkers, 6 gas tankers, 3 containers, 2 car carriers and 22 special projects). Compared with previous week’s levels, a large increase of 61% is recorded in the volume of new orders for bulkers (37 new orders from 23 last week). In the tanker segment, there is a 13% weekly decline with 14 new orders from 16 last week. In the offshore segment, there is 200% weekly increase with 15 new orders from 5 last week and high valued contracts for jack up drilling rigs.
In a separate report, Clarkson Hellas noted on the dry bulk ordergin activity that "Singapore based Cara Shipping have ordered two firm plus two option 250,000 DWT VLOCs at Beihai Shipyard for delivery in 2016. Pricing is in the region of low USD 60 Mill. At Nantong Cosco KHI (NACKS), four firm 209,000 DWT Newcastlemax has been ordered by two separate Buyers; Foremost Maritime and Winning Shipping, with delivery in 2016 and pricing circa USD 58 Mill. In the smaller sizes China Navigation (CNCo) have declared their options for four 39,250 DWT Handysize bulkers at Zhejiang Ouhua with delivery in 2016. Kouan Shipbuilding in China also received orders for seven firm plus three option 38,500 DWT
Handysize from Marine Capital. Price level is understood to be around in USD 27 Mill and deliveries are split between 2016 and 2017".
It added that there was "limited ordering in the container market with just one order to report from Ciner Denizcilik Sanayi vet Ticaret A.S. for four firm 9,040 TEU container carriers to be built at Hanjin’s Subic facility in the Philippines with delivery in 2015 for three units and 2016 for one. In other sectors Auto Marine Transport have declared the options for four 6,700 unit PCTCs at Samjin Weihai with delivery in 2015", Clarkson Hellas notedd.
More specifically on the dry bulk side, Golden Destiny reported 6 new Capesize orders:
1 new order of 205,000dwt from Oldendorff Carriers of Germany at Hyundai HI of South Korea at an undisclosed contract price with delivery in 05/2015.
2 new orders of 205,000dwt from Winning Shipping of Hong-Kong at Nantong Cosco of China for about $58mil each with delivery in 2016.
3 new orders of 180,000dwt from Scorpio Bulkers of Monaco at Daewoo Mangalia of Romania for about $54mil each with delivery in the 4Q 2015 and 1Q 2016.
Similarly, on the Kamsarmax class, there were 10 new orders: 2 new orders of 82,000dwt from Panacore of UAE at Guangzhou Longxue of China for about $27mil each with delivery in 05/2014 and 08/2014. 2 new orders of 82,000dwt from Qingdao Da Tong Int. of China at Jinling of China at an undisclosed contract price with delivery in 04/2017 and 06/2017. 2 new orders of 82,000dwt from Rizhao Steel of China at Jinling of China at an undisclosed contract price with delivery in 07/2015 and 09/2015. 2 new orders of 82,000dwt from Soloi Inc. of Greece at Jinling of China at an undisclosed contract price with delivery in 10/2016 and 12/2016. 2 new orders of 82,000dwt from Thorvald Klaveness of Norway at Yangzijiang of China at an undisclosed contract price with undisclosed delivery.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 22 November 13
DRY BULK MARKET STILL LACKLUSTRE, DESPITE PROJECTIONS OF A NEW RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We might still be about six weeks far from the end of the year, but the projected by many analysts upcoming rally of the dry bulk market, hasn't ye ...
Friday, 22 November 13
US COAL PRODUCTION DOWN 1.3% W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Thursday, 21 November 13
TAIPOWER TO PROCURE 750K MT OF 5500 GAR BITUMINOUS COAL FOR MAY - AUGUST 2014
COALspot.com: Taiwan Power Company intends to procure 750,000 metric tons of bituminous coal with calorific value not lesser than 5,500 kcal/kg on a ...
Thursday, 21 November 13
CAPESIZE : THE DOWNWARD TREND HAS TURNED INTO NOTABLE SPOT AND PERIOD IMPROVEMENT - FEARNLEYS
Handy
The Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt t ...
Wednesday, 20 November 13
PANAMAX MARKET RESUMED ITS NEGATIVE MOVEMENT FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The recovery noted the week prior in the dry Bulk market proved to be short-lived, as the BDI slipped back down to the low 1,500 point ...
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- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
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