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Tuesday, 31 December 13
MORE THAN $21 BILLION INVESTED IN SECOND HAND SHIP PURCHASES IN 2013
One thing that was apparent in the sale and purchasing markets during 2013 was the ship owners' larger appetite for vessel acquisitions, as most sought to take advantage of low prices, while those were still valid. In its latest weekly report, shipbroker Intermodal, noted that so far in 2013, there've been more than 1,500 deals concluded for an investment volume (from sales of which financial details were disclosed) which is over $21 billion. According to Intermodal's analysis, "the respective figures for 2012 were 1,200 deals and $14bn outlay. Compared with 2012, S&P activity on average was up by 26-27% on just about every month.
Intermodal's SnP broker, Mr. John N. Cotzias noted that dry bulk vessel prices " prices have increased significantly over the past 12 months. The most notable increase was noted in a five year old Panamax that has shot up by more than 50%. Last year, you could buy a five year old Panamax with $ 17-18m. Today with the same money you are just about purchasing a 10 yr old Panamax! Rising price didn’t deter investors from acquiring vessels. To the contrary we can say. The fact that conventional financing was practically scarce meant that a very important chunk of SnP deals was mostly financed by “own pockets” and/or alternative sources of finance", he noted.
Meanwhile, another factor which boosted vessel acquisitions was the fact that trust in the banking system was shaken this year. "The fearful and sad scenario of thousands realizing that their bank deposits could suffer a tremendous haircut over-a-weekend, as it happened in Cyprus, made many shipowners and others turn into a what appeared as a much safer investment ; Shipping", Cotzias mentioned.
In the newbuilding sector, "we had many new orders, with more than 870 bulkers, 527 Tankers, 161 Gas Carriers and 243 Containers being contracted during this year so far. The majority of these contracts have gone to Chinese builders, whose share of orders this year amounts to more than Korea’s and Japan’s shares added up together. Non-availability of slots has taken off a lot of pressure from major shipbuilders to further reduce their prices and from a point onwards they actually started to charge a premium for earlier slots. However, if we still look back, current newbuilding prices are still on the low side.
Finally, in the ever so crucial demolition segment, statistics show that "more than 50m tons of DWT carrying capacity was taken from the world active fleet, compared to more than 60m tons in 2012. Nevertheless, last year was a record year and therefore difficult to match, therefore the fact that this year’s figure stands at these levels is still very significant. India appears to have been the leading demo country in both number of ships and dwt scrapped there, while China comes second in number of ships and 3rd in dwt. Demo prices hold firm, with the average since 2009 standing above $400 per ldt, always supported by the strong demand for steel. It goes without saying that the increased demolition activity we have seen over the past 4 years, tremendously helps alleviate the pressure of new tonnage entering the active fleet.
In general, we consider 2013 to be a year of momentum, with a lot of investment opportunities being “grabbed” by a number of players in the market. We are of the strong belief and share the opinion of many shipping professionals that, as far as this cycle is concerned, “we have seen the worst… !”, Intermodal's report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 24 December 13
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS UP 11.46% W-W
COALspot.com: In the week ended December 23, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.84 ...
Tuesday, 24 December 13
SGX HAS LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore Exchange (SGX) has announced the launch of freight future yesterday.
According to SGX’s press release, SGX has laun ...
Monday, 23 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q1' 14 CLOSED AT $ 82.80
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 2.97 percept month on month as on Friday 20 December 2013. ...
Sunday, 22 December 13
Q1' 14 DELIVERY COAL SWAPS CLOSING HIGH COMPARED TO Q4' 14 DELIVERY CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 1.31 pmt month on month on Friday 20 December 2013 ...
Sunday, 22 December 13
QUIET FREIGHT MARKET DUE TO LONG HOLIDAYS
COALspot.com: The market was soft this week with all indices down. However towards second half of the week the futures on segments was firming up.
...
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- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Parliament of New Zealand
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- The University of Queensland
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- PTC India Limited - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
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