We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms of demand over the course of the past few days. In its latest weekly report, shipbroker Shiptrade noted that its enquiry Index witnessed a slight decrease of about 15% this week, which was mainly driven by a sharp drop of enquiries for Panamax bulkers. According to Shiptrade “taking a closer look into the dry bulk sector, the relevant Index for Handysize bulkers was increased by a considerable 20%, while enquiries for Handymax and Supramax bulkers remained at levels close to those of last week.
On the other hand, enquiries for Panamax and Capesize bulkers were sharply decreased by about 50%, with those for Capesize remaining at single-digit levels. On the wet front, with the sole exception of MR tankers, interest in which is always there, all other segments faced losses in terms of buying interest, with the absolute number of enquiries remaining at levels below 10″, said the shipbroker.
In the Sale & Purchase market, Shiptrade reported that “with owners’ expectations for a sharp drop in asset values not materializing so far and current market conditions remaining poor, someone would expect secondhand activity to drop significantly, however, transactions do take place, proving that there are market players that believe in freight rates rebounding, starting from Q3 of this year. The stars of this week were Capesize bulkers and MR tankers, as on the dry front, 5 Capes changed hands, while on the wet front, a total of 4 MRs found their new recipients.
Taking a closer look, Greek interests paid $58 mill. for a cape resale ex Qingdao Beihai scheduled for delivery within 2014, with a 2011 Hyundai-blt cape, namely the “Blue Manaslu” sold to Greeks as well for $51.5 mill. In the wet sector, Chartworld have disposed their 1999 built Panamax tanker, the “Star Bravery”, which went to UAE based buyers for $8.5 mill., along with their 1996 built MR “Nedimar”, which fetched the same levels from Greek interests. Last, but not least, enhanced was this week’s secondhand activity in the container market, with a total of 5 units, all built post 2005, changing hands”, Shiptrade said.
Demolition: Weakening
Meanwhile, according to Shiptrade, in the demolition market, “the sub-continent seems to be suffering due to the monsoon season, still following the downward path created during the last 2-3 weeks, however, despite the weakened demand for tonnage, what came as a surprise was the increasing number of sales being concluded in India at relatively good levels, with cash buyers offering prices beyond break even levels. In Pakistan, although an enhanced buying interest came into the foreground last week, local buyers were unable to compete with their Indian “rivals”, thus not securing any tonnage.
Add to this the total absence of any wet potential demolition candidates, and there you have it, a week with no sales. Bangladesh has remained silent as well, with the recent budget announcement playing its’ role. No change in China, as activity is restricted solely to domestic tonnage, while Turkey seems to emerge as the destination for smaller LDT vessels, taking advantage of the softening sub-continent prices, keeping local facilities busy”, Shiptrade concluded.
Newbuilding Activity
Meanwhile, according to the latest weekly report from Clarksons Hellas, newbuilding activity over the course of the past week was mainly focused in the dry bulk and gas tanker segments. According to Clarkson Hellas, in dry bulk “Pan Ocean have placed an order for two firm 207,000 DWT Newcastlemaxes at New Times, with both vessels due to deliver within the second half of 2016. Also in China, Conti Reederei have extended their order for 64,000 DWT Ultramax to a total of 20 vessels by declaring a further eight options. The first in the series will begin to deliver in the early part of next year, with the latest additions for delivery from 2017 onwards. In the same sector JJ Ugland have announced an order at Imabari for two firm 63,000 DWT Ultramax due to deliver in 2017. Blumenthal are also understood to have ordered two firm 34,000 DWT Handysize at Hakodate Dock, similarly due for delivery in 2017″.
The shipbroker added that there was “just one order to report in tankers; CSBC (Keelung) have contracted a pair of 40,000 DWT Handy Product Carriers with Chinese Petroleum Corp (CPC) due to deliver within the final quarter of 2016. A spread of orders across the sizes in the gas market. Starting with the largest, GasLog announced an order for two firm plus up to four option 174,000 CBM LNGCs at HHI. The first vessels are planned for delivery in the second half of 2017 with options from end 2017 and into 2018 if declared.
In the midsizes, West Africa LPG have declared an option for one additional 38,000 CBM LPG carrier at Hyundai Mipo, taking the series to two vessels. The first is due for delivery within the end of 2016 and second vessel in early 2017. Epic Gas have ordered a third 7,500 CBM LPG carrier at Sasaki in Japan, with delivery in the final quarter of 2016. Lastly, K-Line have announced two further 7,500 CEU car carriers at Shin Kurushima for delivery in 2017, taking the series to four vessels”, Clarkson Hellas concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
Monday, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
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 ...
|
|
|
Showing 3641 to 3645 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- PTC India Limited - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
|
| |
| |
|
