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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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Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a s ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
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- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Australian Coal Association
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Parliament of New Zealand
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
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