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Wednesday, 09 July 14
SHIP INVESTMENTS ARE TRENDING LOWER
 Most ship owners are deeming current ship prices on the high side, refraining from making serious commitments in new acquisitions or newbuilding orders, at least for now. According to shipbroker reports, despite the scent of optimism which has been created by the slight softening we have recently seen in asset values, the majority of market players still feel that prices are on the high side and present themselves as reluctant to pursue secondhand tonnage, at least not till the end of the summer, which is, traditionally a rather quiet period.
According to the latest weekly report from shipbroker Shiptrade & Services, over the past week “a total of 21 units changed hands, with the majority of those being tankers. In the dry sector, this week’s most notable sales were those of the two ex-TMT handies, the “A Handy” and the “B Handy”, which found its’ new recipients through auctions, with neither the price nor the buyers having been disclosed yet, however we undertand that the price should be in the region of $19-20 mill.
Other than that, Technomar of Greece has emerged as the buyer of the 3 2012 built Crown 58 Supramaxes, in an enbloc deal which involved a 1 year t/c attached to Louis Dreyfus, while Minerva has reportedly paid $19 mill. for the 2009 Jiangsu Hantong-built Supramax “Mandarin Harvest”. 3 vintage units were also sold: the 1995 built capesize “Cape Warrior” was snapped up by Vista Shipping of Ukraine, while Chinese interests paid $5.9 mill. and $6 mill. respectively for 2 Greek owned Panamaxes, the 1994 built “Themis P” and the 1993 built “Duro”.
On the wet front, 2 Suezmax tankers built in 2000, the “Cape Bantry” and the “Cape “Balder” have found their new owners, who have paid $17 mill. each, while, moving downwards across the dwt scale, the 2007 built 37k dwt “Pacific Horizon II” fetched a price of $17 mill. from undisclosed interests. In the chemicall/product tanker segment, the 2008 built 15.000 dwt “Maasen” (epoxy coated/IMO II/ice class 1A) changed hands for $14.2 mill., with the buyers being based in Singapore”, Shiptrade said.
It added that “Shiptrade’s enquiry Index increased significantly this week by about 36%, something that could be attributed to asset values having started to soften, or even expections for a further decrease, as market players start warming up for acquisitions. On the dry front, the most impressive performance was that of the Panamax Enquiry Index, which increased by 100%, with all the other segments following the same direction, as enquiries for handies were increased by 44%, for Handymaxes and Supramaxes by 60% and, lastly, those for capes by above 100%, but still at single-digit numbers. On the wet front, the usual suspects, MR tankers, attracted interest enhanced by about 23%, with all the other segments, still at absolute levels below 10, but significantly increased”.
Meanwhile, in the newbuilding market, the current situation is more of a stable one. According to the latest report from Clarksons Hellas, “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. 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”, Clarksons Hellas concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 ...
Thursday, 10 July 14
HANDY: SMALL INCREASE; PANAMAX: POSITIVE TONE; CAPESIZE: PAPER VALUES REMAIN WEEK
Handy
It is a general increase in activity in both hemispheres whereas rates have just experienced a small increase. In the Feast we see stable a ...
Wednesday, 09 July 14
INDIAN GOVERNMENT ADVISED POWER UTILITIES TO INCREASE COAL IMPORTS
COALspot.com: The government of India has advised power utilities to increase coal imports to meet fuel shortages and those that have fuel supply p ...
Wednesday, 09 July 14
PANAMAX MARKET FINALLY CORRECTING UPWARDS; AVERAGE TC MORE THAN DOUBLING WEEK ON WEEK - INTERMODAL
The Dry Bulk market has closed off on Friday on a more positive note, with most segments noting weekly gains and the Panamax market finally correct ...
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- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Bhatia International Limited - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
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