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Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According to the latest report from shipbroker Clarkson Hellas, there were “a couple more specialised orders to report in the dry market. US based Vulica Shipping have contracted two firm 68,000dwt Self-Unloaders at Jiangsu Hantong. Pricing was not revealed, however delivery of both vessels is planned for the first half of 2017. Also in China, Ningbo Marine Co. Ltd. has contracted three firm 49,500dwt bulk carriers at Jinling Shipyard with delivery in the fourth quarter of 2016 and first quarter of 2017. Pricing was announced at RMB 170m per vessel (region USD 27m) however this will of course be including a domestic tax. A yet unknown Japanese buyer has also contracted two firm 89,000dwt post-panamax bulkers at Sanoyas with delivery in 2017".
The shipbroker also noted “continued activity in the large crude market, with clients of Metrostar reported to have ordered two option two 300,000dwt VLCCs at HHI with delivery of the first vessels understood to be in late 2016. It also came to light this week that Meiji Shipping have ordered a single 320,000dwt VLCC at JMU, with delivery from their Ariake facility in the first quarter of 2017. Sincere Navigation also confirmed that they have swapped their two Capesizes on order at SWS to one 320,000dwt VLCC for delivery in 2017. A couple of new orders in gas, starting with DSME announcing an order for one 173,400cbm LNGC for delivery in 2018. This vessel is understood to be a further extension of a series for one of the yard’s existing clients. KSS Line announced a contract with Hyundai Mipo for one 38,000cbm midsize LPG carrier for delivery in 1Q 2017. This order is understood to also include an option for one additional vessel for delivery in mid-2017 if declared.
ADA Shipyard in Turkey have taken an order for two firm 70m double ended ferries from Fjord1 of Norway. The vessels will be based on a design from Multi Maritime with capacity for 199 passengers and 60 cars. Delivery is due in 2016", Clarkson Hellas concluded.
In a separate report, shipbroker Allied Shipbroking said that “further corrections have been noted in most of the quoted prices by shipbuilders, while it looks likely that with the further softening of steel prices, we may well be set for even further discounts down the line. At the moment many are holding a fairly pessimistic outlook for the order intake that most shipbuilders will be able to secure this year, putting pressure on some of these builders who had shown poor financial performance during 2014 and it will likely lead many them to take under serious consideration further restructuring of the opera-tions. At the same time, some of the S. Korean shipbuilders are fairly worried about the nock on effects from the current depressed oil pric-es, as they expect it will hit one of their most profitable sectors, that of the offshore market, leaving them with fewer orders for these high-ly specialized and often quite significant profit generating orders. This could end up further heating up the competition on the more conven-tional orders, namely tankers and dry bulkers, which in turn could push for even further drops in prices during the next couple of months”.
In the Sale & Purchase market, Allied said that “discounts are still being seen amongst the reported deals, while the gap between premium and non-premium units is getting ever wider. Amongst the reported sales this week and although it is likely an old deal, the Panamax “THALIA” (75k, 2001 blt, Japan) is rumored to have gone to Greek buyers for a price of US$ 9.7m. Further to our last week’s report, it is worth pointing out that the “CAPTAIN V. LIVANOS” (57k dwt, 2011 blt China) has not been sold, while the “YM RIGHTNESS” (78k dwt, 2004 blt Chinese Taipei) achieved its high price due to the inclusion of a lease-back deal back to sellers at a rate of USD 9,000/day for 6 years. At the same time things are getting even more bullish for tankers. With regards to rumored deals this week, the LR2 “SARK” (113k dwt, 2009 blt China) has achieved a price of US$ 40.0m.
Lion Shipbrokers added that “asset values are becoming softer and softer as more and more ships of all sizes are flooding the second hand market, however buying interest is currently low to almost non-existent. Is today a good opportunity to invest in shipping or not? Is the long- awaited recovery near or years away?”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 25 January 15
PANAMAX FREIGHT RATES STILL FALLING
COALspot.com: The BDI was slightly down this week to 720 points. The BDI lost 2.83 pct week on week.
The cape index continued its upward trend ...
Friday, 23 January 15
U.S. WEEKLY COAL PRODUCTION FOR WEEK ENDING JAN. 17 UP 2.5%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.4 million short tons (mmst) of coal ...
Thursday, 22 January 15
PANAMAX: A SOFTER TONE AND OVERALL A SLUGGISH MARKET - FEARNLEYS
Handy
The handy and supra market has experienced yet another week with slow activity and softening rates in both hemispheres, broker Fearnleys AS ...
Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for ...
Wednesday, 21 January 15
PANAMAX MARKET MOVED SIDEWAYS OVERALL LAST WEEK - INTERMODAL
COALspot.com: The positive sentiment in which the week prior ended carried on through-out last week as well, the end of which marked the first posi ...
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- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Latin American Coal - Colombia
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