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Thursday, 02 April 15
NEWBUILDING ORDERS FOR DRY BULK CARRIERS "DRY" UP
 Newbuilding ordering activity remained subdued over the course of the past week, as ship owners are wary of adding further tonnage to an already pressured market. According to the latest report from shipbroker Allied Shipbroking, “there was a small amount of rumored activity being reported this week in the dry bulk sector with two separate orders for ultramaxes emerging. At the same time interest in the tanker sector continues to mount with further orders being placed in the VLCC size segment and keen interest also seen for Suezmaxes as well.
The real story has been the Containership sectors this week, with more then ample rumors circulating of further ordering set to take place while we have seen a number of orders being placed over the past couple of days, most of which have been for several units of post-panama size. With the U.S. economy showing to have a strong momentum towards recovery and its consumers ramping up activity, it is not a surprise that we are starting to see a more positive outlook amongst investors despite the still ongoing problems caused by the large ULCVs still on order and the fast pace fleet growth witnessed over the past couple of years”.
Meanwhile, in its latest weekly report, shipbroker Clarkson Hellas noted that “further to their order placed earlier this year, Meiji Shipping have added a second 320,000dwt VLCC at JMU (Ariake) with delivery of the latest vessel in 2018. It also came to light this week that MTMM have contracted four further stainless tankers in Japan. They added two further 35,500dwt vessels at Shin Kurushima for delivery from mid-2018, taking their total orders at the yard to seven vessels (3 x 22k and 4 x 35.5k). MTMM added further newbuildings at Kitanihon with contracts for two 21,000dwt SUS tankers for delivery in the first quarter of 2018″.
The shipbroker added that “we’ve seen just one new order in dry bulk this week with a yet to be confirmed overseas owner contracting two firm 38,000dwt Handysize at Shikoku Dock. Delivery for both vessels is planned for 2017. It is worth noting that various other Ultramax orders have been reported this week however we understand these were concluded in the first half of last year and are now only coming to light. Namely, White Sea Navigation for 2 x Ultramax at Sinopacific and clients of Kymar Shipping at Yangzhou Guoyo for 1+1 x Ultramax”.
It added that “having been under discussion for some time, Maersk have now announced an order for seven firm plus two option 3,600 TEU wide beam ice class E3 North European feeders at COSCO Zhoushan. The first vessels are due to deliver from April 2017 until the end of 2017, and the options in 2018 if declared. Pricing per vessel is understood to be in the region USD 39M. In the car carrier market Hyundai Mipo announced an order for two firm 7,500unit PCTCs for delivery in the first quarter of 2017. We understand this order is from existing client Ray Shipping, taking the owners current orderbook at the yard to six vessels. Pricing was announced at USD 77.95m per vessel”, Clarkson Hellas concluded.
Additionally, shipbroker Intermodal noted that “fewer orders were reported in the market last week, with the tanker sector remaining far more popular than the dry bulk one, where the entire activity reported consisted only of a couple of Ultramax orders by Greek owners, both related to deals inked earlier on in the year. At the same time prices remained unchanged across the board, but this is not to be taken as a sign of a stabilizing market, especially when it comes to dry bulkers.
In our opinion the lack of recently reported deals in segments like the Capesize one, is the main reason behind this artificial stability, while we once more reiterate our opinion that there is more downside on the way especially as yards are bound to feel more and more pressure in this persistently low ordering activity environment. The example of Rongsheng, which has recently warned that “it might not be able to continue to operate as a going concern” is representative of the increasing pressure that is on the way for the industry. In terms of recently reported deals, Greek owner, Delta Tankers, placed an order for two Suezmaxes (160,000dwt) at Samsung , in S.Korea, for a price of $ 66.0m each and delivery set in April of 2016″, Intermodal noted.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 27 March 15
INDONESIA: NEW REGULATION REQUIRES LETTER OF CREDIT FOR EXPORT OF PRODUCTS FROM NATURAL RESOURCES
The Minister of Trade issued Ministerial Regulation No. 04/M-DAG/PER/1/2015 (“Regulation No. 4/2015”) on 5 January 2015. Regulati ...
Friday, 27 March 15
WEEKLY U.S COAL OUTPUT FALLS 1.7% W-W; 7.9% Y-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately totaled an estimated 18.2 million ...
Thursday, 26 March 15
CHINA IRON ORE IMPORT FOR THE FIRST 2 MONTHS DECLINED BY 1.2 % Y-O-Y; PANAMAX AUSSIE/CHINA ROUNDS BEING FIXED IN THE $4 -5K RANGE - FEARNLEYS
Handy
There has been more activity in both hemispheres this week. Especially the USG market has picked up with more cargoes for prompter dates en ...
Thursday, 26 March 15
RATES FOR THE SMALLER SIZE SEGMENT CONTINUED TO IMPROVE LAST WEEK - INTERMODAL
To see green across the board is a rare occurrence in the Dry Bulk market nowadays and while the upside in which last week closed off is not of the ...
Thursday, 26 March 15
KYUSHU ELECTRIC POWER OF JAPAN HAS JOINED GLOBALCOAL ONLINE COAL TRADING PLATFORM
globalCOAL® announced today that Kyushu Electric Power, one of Japan’s largest utility companies, has joined its online coal trading plat ...
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- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Planning Commission, India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
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