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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, 12 November 14
PANAMAX: WITNESSED A FAIRLY STABLE MARKET IN THE ATLANTIC
COALspot.com: Despite the fact that the Dry Bulk market noted another weekly increase, clouds of uncertainty returned mid-week onwards, as the mini ...
Wednesday, 12 November 14
SHIPPING MARKET INSIGHT - CHRISTOPHER T. WHITTY
COALspot.com: The fight continues between the low-cost iron ore producers and the big three: Vale, Rio Tinto and BHP Billiton. We are moving into a ...
Tuesday, 11 November 14
FACING CHALLENGES AND MEETING OPPORTUNITIES - INTERNATIONAL EPC CONFERENCE & EXHIBITION
Press Release: SKYCONNECTION and TRANSEVENT, which is fully supported by the Institution of Engineers Indonesia and Ministry of Industry of the Rep ...
Tuesday, 11 November 14
NEWCASTLE COAL SWAP CLOSED AT $ 52.65 FOR Q1' 15 DELIVERY
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery decreased US$ 2.83 (-5.10%) month over month and US$ 1.35 (-2.50%) week ove ...
Tuesday, 11 November 14
PORT OF NEWCASTLE'S OCTOBER COAL SHIPMENTS SLIPPED 7.40% M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,115.7 mil ...
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- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
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