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Wednesday, 12 March 14
DRY BULK VESSELS STILL THE CREAM OF THE CROP FOR SHIP OWNERS
Dry bulk carriers have remained the most popular vessel type among ship owners as proven by the sheer number of second hand vessel sales and newbuilding ordering activity reported over the past week. With the Baltic Dry Index (BDI) on a recovery mode (now well over the 1,500-point mark), this trend is only going to intensify in the coming weeks, especially given the fact that financing options are increasing, with the rise of private equity funds and investors, looking to exploit the looming upward cycle of the shipping market.
According to the latest weekly newbuilding report provided to Hellenic Shipping News Worldwide (www.hellenicshippingnews.com) from shipbroker Clarkson Hellas, there was "a significant volume of ordering to report across the dry sector. "Jiangsu Eastern has announced an order for four firm plus four option 208,000 DWT Newcastlemax. As of yet, the buyer is unknown, however delivery is due from the middle of 2016 onwards. Although understood to have been concluded some time ago, it has come to light this week that NACKS has taken an order for two firm 209k Newcastlemax from RGL Shipping, with delivery of both vessels in the second half of 2016. Also at Jiangsu Eastern, Oldendorff has added an additional 97,000 DWT post-panamax bulker. This takes the total order to two, with delivery of the most recent vessel in mid-2015. Also this week, clients of Paragon Shipping announced an order for three firm 81,800 DWT Kamsarmax at Jiangsu New Yangzijiang. The order is understood to include a number of options, with delivery of the firm vessels from the second quarter of 2015".
Clarkson Hellas also noted "a significant order at Sainty Marine, with Precious Shipping announcing a total of 10 x 64,000 DWT Ultramax, due for delivery from the second quarter of 2015 onwards. At Hantong, Spar Shipping have declared a further four options for 64,000 DWT Ultramax. The latest vessels are due to deliver in 2015/2016 and takes the total series to six vessels. Portline S.A. have placed an order for three 61,000 DWT Ultramax at NACKS/DACKS, with delivery in 2016. A number of options declared by D’Amico, with the addition of two of each 39,500 DWT Handymax and 64,000 DWT Ultramax at Zhejiang Yangfan, due for delivery from 2016 onwards. Lastly in dry, Uni-Asia Finance Corp announced the addition of the fourth vessel to a series of 37,000 DWT Handysize at Imabari, with the latest due to deliver in the second quarter of 2015", said the shipbroker.
It concluded by noting that "the other markets have been relatively quiet this week; One order to report in Gas, with Kumiai Senpaku understood to have ordered a single 84,000 CBM LPG carrier at HHI, with delivery in the final quarter of 2016. In other sectors, United European Car Carriers (UECC) announced an order for two 3,800 unit PCCs at NACKS. Both vessels are planned for delivery in the second half of 2016", Clarkson Hellas said.
In a separate report on the secondhand market, Lion Shipbrokers said this week that the market benefited from the improved sentiment which prevailed in the dry bulk market. Lion noted the following deals: "Cido’s panamax TOP GLORY (76K BLT 2005 TSUNEISHI/JAPAN) has achieved a price of $22.8 mill from clients of Target Marine of Greece, same level with the sale of her sister TOP ETERNITY two weeks ago (also sold to Greeks). It is rumoured that Chinese controlled modern panamax SEACON 9 (74K BLT 2012 NINGBO/CHINA) have been snapped by Greeks for $22 mill, however others suggest that the sale has fallen through. In an off-market deal, Japanese controlled supramax WHITE HALO (55K BLT 2012 IHI/JAPAN CR 4X30T) was committed to Greek interests for $30 mill, one million more than mid February’s sale of JIN ZE (57K BLT 2012 TSUNEISHI/JAPAN CR 4X30T) gone for $29 mill. Late 90’s vintage handymax CRYSTAL OCEAN (49K BLT 1999 IHI/JAPAN CR 4X30T) attracted $14 mill, while one month ago her exact sister EILHARD SCHULTE was sold for $12.75 mill. Modern handy B HANDY (36K BLT 2011 HYUNDAI/S.KOREA CR 4X30.5T) changed hands for $22.5 mill. Prompt Dolphin 36 design resale MYSTIC TREASURE (35K BLT 2014 QINSHAN/CHINA CR 4X30T), which was originally contracted by Wilmar, was sold to clients of Loadline of Greece for $23.5 mill. South Korean buyers are reported to have purchased Oldendorff’s handy CATHRIN OLDENDORFF (31K BLT 2003 SAIKI/JAPAN CR 4X30T) for $15 mill, while smaller mid 90’s unit BAVARIAN TRADER (23K BLT 1995 MITSUBISHI/JAPAN 5HO/5HA CR 3X30T) has commanded a solid price of $6.2 million", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 18 March 14
SECOND QUARTER SUB-BIT FOB INDONESIA COAL SWAP LOST 3.27% IN A MONTH
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Tuesday, 18 March 14
NEWCASTLE COAL EXPORT VOLUME FALLS 26.23% WEEK ON WEEK
COALspot.com: In the week ended 17 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Monday, 17 March 14
API 8 CFR SOUTH CHINA COAL SWAPS FOR AVERAGE Q2 14 DELIVERIES LOST 2.59% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.59 percent month on month and closed at US$ 74.15 per mt as o ...
Sunday, 16 March 14
BDI DOWN ON LOW CAPESIZE ACTIVITY
COALspot.com: The freight market was slightly soft this week with BDI down by 4.28 pct week on week. The BDI closed at 1,477 points and the cape ...
Friday, 14 March 14
DRY BULK MARKET ENTERS RECOVERY MODE, ON INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has entered and sustained higher ground as of this week, on the back on increased Capesize demand. Although the situation in ...
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- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
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