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Saturday, 22 March 14
SHIP OWNERS INVEST $15 BILLION FOR NEWBUILDINGS AND SECONDHAND VESSELS DURING FEBRUARY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally during the month of February, pouring more than $14.7 billion in total. Number are higher on the year, but lower when compared with a record-setting month of January. According to figures compiled by shipbroker Golden Destiny, this monthly fall could be attributed to the Chinese Lunar New Year.
According to the Piraeus-based shipbroker's latest monthly report, there were 205 vessels ordered during February for a total purchasing price of $11 billion, while an additional 92 orders were contracted at a undisclosed price. These numbers represent an increase of 33% on the year, but a decrease of 27% on the month. Meanwhile, in terms of secondhand vessel purchases, the shipbroker reported deals for 149 ships for an invested capital of more than $3.71 billion, which represents a fall of 13% on the month, but an increase of 26% on the year.
In its commentary, Golden Destiny said that "February ended with firmness in secondhand purchasing and ordering appetite of shipping players, but with a declining trend from the record highs of the first month of the year. The Chinese Lunar New Year may have impacted negatively the investment trends with shipping players waiting to see the direction of asset prices and freight rates during March. Expectations remain firm for the current outlook of freight rates with rosy picture of dry bulk segment, uncertainties for the steady recovery of crude freight rates and sharp downward pressure in boxship rates".
It added that "overall, S&P activity in the secondhand market for February 2014 ended on firmer levels than last year and even sharper levels than 2012. The upward incline of secondhand purchasing appetite is being led mainly by 45% year-onyear stronger vessel purchases for bulkers. During January-February 2014, the average number of weekly reported S&P transactions is 38 vessels, up by 58% year-on-year compared with 24 vessel purchases in the first two months of 2013 and up by 111% from 2012 levels (18 vessel purchases)".
Meanwhile, "the highest level of investment continues to be centered on the newbuilding business as shipping players follow now more aggressive approach towards the construction of newbuilding units with the construction of LNG floating storage and regacification units emerging to be of high demand. Compared with the investments in the secondhand market, in terms of number of vessels, the ordering appetite for the construction of new vessels is 108% higher than the number of vessels purchased by shipping players worldwide.
For February 2014, the hot pace of new orders seems to have faded from the accelerated levels of January and December 2012, but it remains at much stronger levels than the activity of the first two months of 2013 and 2012. During the first two months of 2014, the average number of weekly reported new orders was 79, up by 139% yearon-year(33 new orders on average reported per week in January-February 2013) and up by 295% from 2012 levels. (18 new orders on average reported per week in January-February 2012)", said Golden Destiny.
Finally, "in the demolition market, the scrapping appetite of shipping players firmed during February with higher scrapping momentum in all main conventional vessel segments (bulk carriers, tankers, liners and containers). Remarkable monthly increases in the number of disposals for liners and containers, 333% and 130% respectively, led scrapping activity to 70% month-on-month increase. During February, the average number of reported demolitions per week increased to 18 vessels, up by 80% from previous month, but it still remains at lower levels than last year. During January-February 2014, the average number of weekly reported demolitions represents 26% year-on-year decline with 14 vessels reported on average per week in 2014 compared with 19 vessels disposals per week in 2013 and 18 vessel disposals in 2012", the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 26 March 14
NEWBUILDING ORDERING ACTIVITY PICKS UP PACE ON IMPROVING DRY BULK MARKET CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The gradual improvement of the dry bulk market, as expected for some time now, is urging shipowners to increase their newbuilding ordering activ ...
Wednesday, 26 March 14
LARGE AMOUNT OF VESSELS CHARTERED TO HAUL IRON ORE CARGOES TO CHINESE BUYERS THIS WEEK - COMMODORE RESEARCH & CONSULTANCY
COALspot.com: Through the first three days of this week, 18 dry bulk vessels have been chartered to haul spot iron ore cargoes to Chinese buyers ...
Wednesday, 26 March 14
JOIN IN THE CLEAN COAL CASE STUDY WITH SINOPEC!
Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12,13, 2014 in Beijing, China. We are glad to invite Experts ...
Tuesday, 25 March 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR Q2 DELIVERY CLOSED $ 57.40 PMT W/E 21 MARCH 2014
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Tuesday, 25 March 14
NEWCASTLE COAL EXPORTS JUMP 29.16% TO 2.79 MMT WEEK ON WEEK
COALspot.com: In the week ended 24 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2.79 ...
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
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