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Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four months of 2014 at 55% higher volume of activity, in terms of number of units and 78% higher, in terms of deadweight, based on figures compiled by shipbroker Golden Destiny. The total number of new orders is estimated to be 1054 vessels with an invested capital of more than $40.5bn, when last year the number of new orders was 681.
HELLENIC PRESENCE
According to Golden Destiny, "Greek shipping players follow the overall investment strategy towards the construction of newbuilding vessels and emerge very aggressive during the first four months of 2013 by placing 148 new orders, from 56 in a similar period last year (up by 164% year-on-year, in terms of new orders and up by 186% in terms of deadweight). The invested capital of Greek owners in the secondhand market has increased to region $5,6bn from $2,3bn last year and they hold, during the year to date ,14% share of the total number of new orders reported".
It added that "in the secondhand market, Greek Shipping players appear also very dynamic but for the first time since 2009, the newbuilding business of Greek owners appears to be at the same levels of their secondhand purchasing appetite. The investment strategy of Greek shipping players during the year to date was the preference towards secondhand vessels with a serious firm interest in newbuilding units.
This trend now seems that may be reversed and ordering activity from Greek players to surpass their secondhand purchasing appetite. It would be interesting to see if this trend will materialize as it’s very likely since Greek players show a hungry appetite for the construction of newbuilding units in all main vessel categories, bulk carriers, tankers, gas tankers and containers. Their ordering appetite in the bulker segment is up by 181% year-on-year, which is the main cause laying behind the massive upward momentum in the newbuilding business. Bulk carriers are also in their top preference of secondhand purchases with an increased interest in the tanker segment and weak appetite for containers.
During the first four months of 2014, Greek secondhand purchasing appetite is estimated to be 25% share of the total S&P activity with 148 vessel purchases at an invested capital of more than $4,3bn. Their secondhand purchasing appetite shows 38% year-on-year increase and follows the overall increased shipping confidence".
According to Golden Destiny's analysis, globally "the surge of newbuilding appetite is due to the spectacular ordering activity reported for bulkers with ultramax vessel size being the new newbuilding trend after the kamsarmax size in year “2010”. The upturn of freight market performance from the end of secondhand half of 2013 led to a significant volume of business for Chinese shipyards that attract investors’ interest towards the ultramax newbuilding design. The freight market performance is now under serious threat from this record ordering appetite, but shipping players keep high confidence in the shipping market and do not forego their investment plans. The number of new orders for bulkers is estimated to be more than 400 vessels from less than 200 vessels in January-April 2013 (120% year-onyear increase), while strong investors’ interest is recorded in the tanker segment for 186 new orders, up 77% year-on-year with firm interest for VLCCs and MR product tankers".
Meanwhile, in the Union of Greek Shipowners' latest annual review, President Theodore E. Veniamis said that "despite recession, overtonnaging, an unstable freight market, reduced access to ship financing from banks, the Greek owned fleet increased in tonnage (dwt) and in number of vessels. The Greek register accounted for 802 vessels (over 1,000 gt) amounting to 41,829,594 gt . The Greek owned tonnage held first position internationally.
The fleet accounted for 3,669 vessels (ships greater than 1,000 gt) of 261.63 million deadweight tons, representing 16.16% of total world dwt . The Greek flag fleet ranks seventh internationally (in terms of dwt) and second in the European Union (EU) (in terms of gt). The Greek owned fleet under EU flags accounts for 46.72% of the EU dwt tonnage. Moreover, Greek owners control 18 .51% of the world tanker fleet (crude oil tankers), 23.32% of the world bulk carrier fleet and 13 .81 % of the world chemical and products tankers fleet in terms of dwt (excluding ships currently on order) .
By the end of December 2013, newbuilding orders by Greek interests amounted to 371 vessels (over 1,000 gt), representing 32.60 million dwt. Of these vessels, 149 were tankers corresponding to 18 .32% of world tonnage (dwt), including 58 LNG / LPG tankers amounting to 25.94% of world tonnage (dwt) and 51 products tankers corresponding to 14.24% of world tonnage (dwt), 169 bulkers corresponding to 15% of world tonnage (dwt) on order in each type, 48 containerships corresponding to 7.08% of world tonnage (dwt) and 5 other vessels. The orderbook of Greek shipping in 2013 continues to indicate a diversification to specialised ships like LNG / LPG vessels, containerships as well as products tankers.The age profile of the Greek flag fleet in 2013 was 11 .5 years – over 50% of the fleet being younger than 10 years old – and of the Greek owned fleet 9.9 years, whilst the average age of the world fleet was 12.4 years.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...
Wednesday, 25 June 14
INDONESIAN COAL EXPORTS ON RISE; EARNINGS FALL ON LOWER SELLING PRICES
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.84* ...
Wednesday, 25 June 14
THE PANAMAX MARKET REACHED FRESH LOWS FOR THE YEAR, SAYS INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a slight decrease, but this image of stability is merely representative of freight rat ...
Wednesday, 25 June 14
SHIPPING: MARKET INSIGHT - YANNIS OLZIERSKY
During his recent visit in London, China's Premier, Li Keqiang, announced that China's economy, the world's second largest after the US ...
Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 millio ...
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- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
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