We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 13 November 14
MODERN DRY BULK SHIPS' PRICES START FIRMING UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 While the main story of the past few weeks has been the rebound of the dry bulk market, which has been a result of increased Chinese iron ore imports, another interesting byproduct of this development has been unfolding in the background. Most ship owners are always on the lookout for ship acquisitions and that search is always intensified during period of increases in charter rates, as is the case today. As a result, many are willing to “pull the trigger” on deals otherwise unattainable, due to the increased optimism surrounding the market.
According to the latest weekly report from shipbroker Allied Ship broking, it seems that this is the case in recent days. According to the report, “Caper charter rates have continued their increased route, but at slower pace than that of the previous week, while sluggish Panamax rates still remain under pressure. On the Dry S&P market, which is dominated by Panamax/Kamsarmax sales, there is not much in quantity to report, but useful enough to draw interesting conclusions. Prices on the modern Pmaxes/Kmaxes seem to have ceased their downward trend since “MEDI SENTOSA” (83k, 2008, Jap) has been reported sold to Greek buyer in the region of USD 19.8 Mill. Despite the fact that this deal indicates a stability in asset values, it’s quite interesting to observe the price reduction since the 2nd quarter of the year, when the ex’ “SEA OF HARVEST” (81k, 2009, Jap) had been sold for USD 28 Mill. On the older units, it has been reported that the “CASTILLO DE VIGO” (73k, 1994, S. Korea) has been reported sold at USD 6.25 Mill with surveys freshly passed, indicating a premium of approximately 25% above the current scrap value. On the other hand, the small handy “BIRCH 1” (24k, 1995, Jap) has been reported sold for USD 5.4 Mill, confirming that the asset values of the Handy size vessels are holding their ground”, Allied noted.
The shipbroker added that the “tanker second hand market moved on the same pace and was relatively quiet during last week in terms of sales, with several sources reporting the “OVERSEAS SOVEREIGN” (309k, 1996, Jap) sold to Thai buyers for conversion into FPSO. Interest for crude vessels still exists and strengthens along with the drop of the Brent crude oil, which is now below USD 85 per barrel. It seems that the Chinese Government has taken advantage of this price reduction, increasing crude oil imports during October by 18% compared to the same month last year”.
In a separate report, this time on the new building market, Clarkson Hellas noted that it was “understood to have been declared in October, it has come to light this week that clients of Golden Union Shipping have added two further vessels in their series of 180k Capes at Hanjin Heavy. Delivery of the latest two is in the final quarter of 2016, and takes the total series to five vessels. A similarly quiet week for new orders in the conventional tanker sectors, although at Besiktas in Turkey we have seen a yet unknown Canadian owner contracting two firm 15,000DWT Asphalt & Bitumen tankers, with delivery planned for 2016. This niche sector has seen orders for eight vessels this year, split between the smaller 3-5k sizes (5 vessels), one similar size 15k vessel at 3.Maj in Croatia for Wisby, and one 37k vessel at Hyundai Mipo again for Wisby”, said the shipbroker.
It added that “a little more activity to report in the gas market. Starting with the larger sizes, DSME announced an order for two firm 174,000cbm LNG carriers from Green Shipping with delivery due in the second half of 2017. At HHI, Hoegh LNG announced the addition of a fifth 170,000cbm LNG/Regas unit with delivery in the first quarter of 2017. Evergas also declared options for two further 27,500cbm multigas (LNG/Ethyl/LPG) carriers at Sinopacific Offshore. This takes the total series to eight vessels with delivery of the new additions in 2016. The Port of Tallinn announced an order for four 7,500gt double ended ferries, each with capacity for 150 cars and 600 passengers. The order will be split between Sefine Shipyard in Turkey and Remontowa in Poland. Delivery of all four vessels is planned for 2016″, 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.
|
|
Monday, 05 January 15
CFR SOUTH CHINA COAL SWAPS GAINED WEEK OVER WEEK, SGX DATA SHOWS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 2.50 (-4.02%) month over month and gained US$ 0.20 ( ...
Monday, 05 January 15
FIVE ENERGY SURPRISES FOR 2015: THE POSSIBLE AND THE IMPROBABLE - KURT COBB
The coming year is likely to be as full of surprises in the field of energy as 2014 was. We just don't know which surprises! I am not predictin ...
Monday, 05 January 15
THE SHIPPING MARKET IN 2014 AND LOOKING FORWARD - BIMCO
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat different ...
Monday, 05 January 15
API 5 FOB NEWCASTLE COAL SWAP FOR Q1'15 DELIVERY CLOSED US$ 0.45 HIGHER COMPARED TO Q2'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 0.60 per MT (-1.15%) month over month and gained US$ 0.02 (+0.04%) ...
Sunday, 04 January 15
BALTIC DRY INDEX CONTINUES ITS DECLINE IN 2015
Wish you all a very Happy New Year 2015. The last report was dated 19th Dec 2014 and due to Christmas and new year holidays no reports were publish ...
|
|
|
Showing 3276 to 3280 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
|
| |
| |
|
