We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 March 14
SGX'S Q2'14 CFR SOUTH CHINA COAL SWAP CLOSES SLIGHTLY HIGHER W-O-W
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.81 percent month on month and closed at US$ 74.82 per mt as o ...
Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY
COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was u ...
Friday, 21 March 14
DRY BULK MARKET STAYS ON RECOVERY MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's sessio ...
Friday, 21 March 14
US COAL PRODUCTION UP 1.5%; WEST MISSISSIPPI COAL PRODUCTION DOWN 1.85% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 21 March 14
MERCURIA ANNOUNCES ACQUISITION OF J.P. MORGAN PHYSICAL COMMODITIES BUSINESS
COALspot.com: Mercuria Energy Group announced that it has reached a definitive agreement with J.P. Morgan Chase & Co. to acquire its physica ...
|
|
|
Showing 3786 to 3790 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Minerals Council of Australia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Planning Commission, India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
|
| |
| |
|
