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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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Saturday, 07 June 14
U.S. MONTHLY COAL PRODUCTION SLIGHTLY HIGHER IN MAY 2014
COALspot.com – United States the world's second largest coal producer, produced approximately 19.2 million short tons (mmst) of coal in a ...
Friday, 06 June 14
RICHARDS BAY COAL TERMINAL SHIPPED 4.221 MMT OF COAL TO SOUTHERN ASIAN COUNTRIES IN MAY
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 5.58 million tons ...
Thursday, 05 June 14
RBCT SOUTH AFRICA SHIPPED 21% LESS COAL IN APRIL COMPARED TO MARCH EXPORTS
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 5.45 million tons ...
Thursday, 05 June 14
PANAMAX : THIS WEEK STARTED IN A SLOW PACE - FEARNLEYS
Handy
After last week's silent and unexciting week we see some more activity this week, especially from the South American market. The rates ...
Thursday, 05 June 14
PORT OF NEWCASTLE SHIPPED 2.91 MMT OF COAL IN THIS PAST WEEK
COALspot.com: The figure constitutes a 4.30 percent higher compared to the previous week, following a week on week decreased of 19.13 percent recor ...
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- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
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