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