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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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Sunday, 03 November 13
H2' 2014 INDONESIAN COAL PRICE ( SWAPS) SHOWS POSITIVE TREND
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014 delivery gained 0.24 percept week on week on Friday 1 ...
Sunday, 03 November 13
THE CAPE SIZE INDEX FELL 13.61 PCT W-W
COALspot.com: The freight market continued to soften on the cape and panamax sectors , however the supramax and handy size remained fairly firm.
...
Saturday, 02 November 13
DRY BULK SHIPPERS AREN'T CELEBRATING, BUT THEIR SILENCE IS GOLDEN - MARKET REALIST
In October, performance for major dry bulk shipping companies was mixed. Companies like DryShips Inc. (DRYS) had pulled back more than Diana Shippin ...
Friday, 01 November 13
US'S COAL PRODUCTION UP 0.9 PERCENT W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.3 million short tons (mmst) of coal in ...
Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend ...
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- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
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