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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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- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
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- GMR Energy Limited - India
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- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
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- Directorate Of Revenue Intelligence - India
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- Central Java Power - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
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- Singapore Mercantile Exchange
- Planning Commission, India
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- Power Finance Corporation Ltd., India
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- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
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- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
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- Sree Jayajothi Cements Limited - India
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- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
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- Attock Cement Pakistan Limited
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- Grasim Industreis Ltd - India
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- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
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