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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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Monday, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
Friday, 23 May 14
U.S. WEEKLY COAL PRODUCTION SLIPS 1.8% WEEK ENDED MAY 17, 2014
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
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- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- MS Steel International - UAE
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- White Energy Company Limited
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
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