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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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Monday, 15 December 14
INDONESIAN COAL PRICE REFERENCE CRASHES THROUGH $65
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in December. HBA for t ...
Monday, 15 December 14
CFR SOUTH CHINA COAL SWAP LOST $3.37 M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3,37 (-5.33%) month over month and US$ 1.58 (-2.57%) ...
Monday, 15 December 14
Q1' 15 FOB NEWCASTLE COAL SWAP CLOSED AT $ 51.45 ON 12 DEC
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.45 per MT (-2.74%) closed at US$ 51.45 on 12 December month over ...
Sunday, 14 December 14
FREIGHT RATES ARE EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The Baltic Dry Index (BDI), a measure of commodity-shipping costs, fell 12.12 pct to 863 points week ending 12 December 2014.
Th ...
Friday, 12 December 14
LIMITED TRADING AND AN OVERSUPPLY OF TONNAGE PUSHED HANDY SIZE SHIPS TO DOWN IN USG
Handy
We have seen the TA spot market come down this week lead by limited trading and an oversupply of tonnage in the USG, Fearnleys said in its ...
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- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- The University of Queensland
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
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