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Thursday, 20 November 14
DEMAND FOR DRY BULK CARRIERS INCREASES ON THE BACK OF HEIGHTENED FREIGHT RATE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Ship owners are looking to take advantage of favorable market conditions through the acquisition of more dry bulk carriers. According to shipbrokers’ report over the course of the past week, there has been a very high market activity in the Dry Bulk S&P segment. Allied Shipbroking noted that there are several deals concluded among all sizegroups. “Starting from the smaller to the larger vessels, the “DIAMOND OCEAN”(32k, 2007, Jap) has been reported sold in the region of USD 14 Mill, which appears to be soft when compared to the last done sale of the “PAOLA”(32k, 2004, Jap) at USD 12 Mill one month ago basis SS&DD due”, the shipbroker said.
It added that “on the Supramaxes, the “PAX PHOENIX”(50k, 2001, Jap) –which was very close to be committed to Greeks for USD 10.9 Mill- has finally been sold to Bangladeshi buyer in the region of USD 10.6 Mill. This, indicates a further reduction in asset values of the 10 yrs old Supras, with further drops possible especially after the record low JPY/USD exchange rate reached on Friday. On the other hand, 2 sales took place in the Panamax segment last week achieving levels higher than that of last done. More specifically, “MARINA” (75k, 2000, Jap) and “TETIEN TRADER” (74k, 2001, Jap) have been reported sold for USD 11.75 Mill and USD 12.5 Mill respectively. Both prices appear to be firm enough at first glance, bearing in mind the sale of “MISHIMA” (76k, 2002, Jap) for USD 12.5 Mill during October, however both vessels seem to have cashed in on their high maintenance standards. On the Capesize segment, it has been reported that clients of Laurintzen have sold the “CASSIOPEIA BULKER” (179k, 2011, S.Korea) in the region of USD 42 Mill, following their sale of “CAMILLA BULKER” (179k, 2009, S.Korea) for USD 40 Mill last month. Lastly, this is the first time that we quote a sale of a very modern Japanese owned Newcastlemax. It has been the “FIRST IBIS” (208k, 2010, Jap) which has been reported sold for excess USD 45 Mill to Singapore-based company “RGL”, Allied Shipbroking concluded.
By contrast, according to the latest weekly report from shipbroker Clarkson Hellas, “activity in the newbuilding market remains subdued, with just one order coming to light in dry. A joint venture between Tai Chong Cheang and K-Line (TK50) has contracted a single 182k capesize at Imabari with delivery due in 2017. Apart from clients of Golden Union declaring two further Capes at Hanjin (as reported last week), this is the first Capesize order we’ve seen placed since September. The total number of large bulk carriers (Cape / Newcastlemax) contracted so far in the second half of this year stands at 22 vessels, compared to close to 90 vessels contracted in the first half.
The only other sector which has seen new orders this week is in the feeder container market. Having been under discussion for some time, Hanjin has now confirmed that a European owner has contracted two firm (plus a number of options) 1,900 TEU feeders to be built at their Yeongdo facility in Korea. Delivery of the firm pair is within the third quarter of 2016 with pricing per vessel understood to be in the mid USD 34s mill. The price also includes E3 ice class. Not quite as pronounced as the dry market, however a similar story in terms of the activity since the beginning of the year – with almost double the number of vessels being contracted (around 43) from Jan to June, compared to 23 from July to date (in the sub 3,000 TEU sizes)”, Clarkson Hellas concluded.
In a separate report, Intermodal noted that “it is hard to write about newbuilding without keep stressing the pressure the market is still under. The volume of reported orders remained very low for yet another week, while average prices on the Dry Bulk side softened further, with most notable that of the Capesize, which moved below $55.0m. While ordering appetite seems completely lost at the moment as far as the most conventional sectors are concerned, those like the gas sectors appear to be increasing their attractiveness even to owners outside the sector. The Thenamaris order, for a pair of LPGs at Hyundai Mipo, which was reported last week, will mark the entry of the owner in the LPG sector should it materializes, and at the same times reveals the promise of greater potential that LPGs appear to be currently holding compared to other sectors. In terms of recently reported deals, Norwegian owner, Leif Hoegh has placed an order for one firm and three optional LNG FSRUs (170,000cbm) at Hyundai, in S. Korea, with delivery set in 2016″, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 20 November 14
MOST MAJOR ASIAN ECONOMIES TO BENEFIT FROM LOWER OIL - FITCH
COALspot.com: The 25% drop in the price of oil since July is likely to lift economic growth prospects, improve terms of trade, and have a pot ...
Thursday, 20 November 14
HANDY: INDO ROUNDS ARE BEING FIXED IN REGION OF US$ 10K - FEARNLEYS
Handy
In the Atlantic we have experienced firmer rates this week much lead by the grain activity out of USG. Vsls open in the USG can achieve in ...
Wednesday, 19 November 14
INDONESIA FUEL-PRICE RISE A CLEAR, POSITIVE REFORM SIGNAL - FITCH
COALspot.com: Indonesia's hike of more than 30% in administered fuel prices, announced on 17 November, provides a clear, positive signal of the ...
Wednesday, 19 November 14
CAPES WERE UNDER PRESSURE; LOST 20% WITHIN A WEEK
COALspot.com: " The negative environment in which the week prior ended, marked this past week as well, which closed off on Friday noting the f ...
Wednesday, 19 November 14
SHIPPING MARKET INSIGHT - BY KATERINA RESTIS
The current Ebola outbreak in West Africa has been declared as a worldwide health emergency by the World Health Organization and has had a great im ...
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- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Planning Commission, India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
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