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Thursday, 25 February 16
DRY BULKERS ARE SCRAPPED AT RECORD PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The newbuilding market is at a lull these days, as ship owners are focusing on two fronts, getting rid of excess dry bulk tonnage and snapping up bargains at the second hand sales market, while tanker owners are mostly riding out the current wave of economic uncertainty, as a result of the slowing down of the world’s economy and the newly added fear of a Brexit.
According to the latest weekly report from shipbroker Allied Shipbroking, in the newbuilding market, “a trickle here a trickle there and still short of anything noteworthy to keep this market alive. The relatively few number of orders continues to pound on the shipbuilding industry, while the few buyers in the market are taking their time, knowing that they hold the upper hand. There are talks circulating of an imminent order to be placed by French liner operator CMA CGM at South Korea’s big three shipbuilders for another set of ULCV container ships, though being at a preliminary stage, it is unknown for how many and at what price these will be booked when the time comes. The containership market is one of the few that can provide some sort of life line during the current market, as despite the lacking performance noted in the freight market, the paradoxical demand for new bigger ships created by the intense competition by liner operators keeps interest in the newbuilding market firm. These orders may well be few in number but usually provide a very good cash flow and good margins for the shipbuilder, often making the difference between survival and default”.
Meanwhile, in a separate report, which is an indication of the “drought” period that the newbuilding market is experiencing right now, shipbroker Clarkson Platou Hellas noted that it was “a relatively quiet week in the Newbuilding market with only one order to report. In Dry, U-Ming Marine Transport Corp. have announced placing an order at Oshima Shipbuilding Co., Ltd. for two firm 81,500 DWT Kamsarmax. It is understood that the deliveries for the duo are set throughout 2019 and 2020 from Saikai, Japan whilst pricing remains undisclosed. The Taiwanese owner already have experience of taking delivery of four 85,066 DWT Bulk Carriers from Oshima back in 2014 and 2015”, said the shipbroker.
In a report this week, Lion Shipbrokers noted on the S&P Market, that although this short dry bulk rally is a good opportunity for all real sellers out there to sell fast (as volatility prevails), “this week was rather dull, as we recorded just 7 transactions (2 capes, 1 supramax, 1 handymax & 3 handies). Prices are sliding further, as it is clearly evidenced in the sale of vintage cape KOHYOHSAN (172K BLT 2001 NKK/JAPAN) sold to Turks for $5 mill while seven months ago (July 2015) she was reported sold for double the money (i.e $10 mill). Four year old Diamond 53 design supramax ANNE KJERSTI (53K BLT 2012 HALONG/VIETNAM) has changed hands for the soft level of $6 mill, while Germans have purchased at auction handysize resale LONG FORTUNE (36K DELY JUNE 2016 EX- SHANDONG HUAHAI/CHINA) for just $6.75 mill. Daiichi controlled handy OCEAN KITE (37K BLT 2012 HYUNDAI MIPO/S.KOREA) went to Vietnamese buyers for $8.3-$8.5 mill, while her exact sister OCEAN JEWEL was committed one month ago for $8.9-$9 mill (about half a million more)”, said the shipbroker.
In the demolition market, Lion Shipbrokers noted that “the genocide of larger bulkers continues; 31 capers (including ore carriers) and 44 panamaxes have been torched since the begging of this year. Pakistan has secured the single skin FPSO unit FARIDAH (LDT 41,261) for the firm price of $245 per lt after several weeks of on/off negotiations basis advance payment in full prior her sailing from A.G. to Gadani’ shores. Bangladesh has snapped 2 VLOC units, namely RENATE (LDT 32,450) & WUGANG ORIENT (LDT 37,342) for $230 & $234 respectively (plus 3 capers and 1 or 2 panamaxes). The rest of the scrapped tonnage this week went to India, despite the continuous softening of the demo rates as Alang plots are quickly filling up (currently at 80% capacity).
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 04 July 16
BDI ROSE ON STRONGER DEMAND ACROSS ALL VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 11.16 percent from la ...
Friday, 01 July 16
BREXIT SET TO HURT SHIPPING IN THE LONG-TERM AS IT WILL TAKE ITS TOLL IN THE GLOBAL ECONOMY'S GROWTH - HELLENIC SHIPPING
Setting aside the short-term negative impact of the Brexit, in terms of stock market and currency volatility, it’s more than evident that the ...
Friday, 01 July 16
U.S'S COAL EXPORTS HAVE DECLINED FOR TWELVE QUARTERS IN A ROW - EIA
COALspot.com – U.S, world’s one of the largest coal producers has produced approximately totalled an estimated 13.7 million short t ...
Thursday, 30 June 16
CAPE - THIS WEEK'S FREIGHT AND ACTIVITY LEVEL HAVE KEPT STABLE - FEARNLEYS
Cape
This week’s freight and activity level have kept stable. It is support at the present levels and despite a volatile market the freight ...
Thursday, 30 June 16
OIL PRODUCT TANKERS EARNINGS DECLINE AS STOCKBUILDING SLOWS DOWN - BIMCO
BIMCO’s expectations remain as the oil product tanker fleet continues to grow with earnings at the lowest since Q3 in 2014. But there is stil ...
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- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Australian Coal Association
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- The University of Queensland
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
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