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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
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Wednesday, 17 December 14
MARKET INSIGHT - INTERMODAL SHANGHAI, SNP TEAM
As the end of the fourth quarter is approaching, we are all witness to the second hand market prices softening day by day. Any new deal surfacing t ...
Tuesday, 16 December 14
THIS PRICE IS A STEAL - EVA TZIMA
COALspot.com: Despite concerns that the slowdown of the Chinese economy would affect imports of iron ore, it seems that this has not been the case ...
Tuesday, 16 December 14
FOB RICHARDS BAY COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT US$ 65.60 PMT
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 0.18 (-0.27%) month on month ...
Tuesday, 16 December 14
SUB-BIT FOB INDONESIA COAL SWAP CONTINUES ITS FALL
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 1.7 ...
Monday, 15 December 14
WILL TANKERS BENEFIT FROM REEMERGENCE OF FLOATING STORAGE PLAYS? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market has been seeing high freight rates for some time now, riding on the back of low oil prices, which are boosting demand from develo ...
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- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- The University of Queensland
- Economic Council, Georgia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
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