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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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Wednesday, 15 June 16
THE DRY BULK PRICES CORRECTED UPWARDS ROUGHLY 15% - KONSTANTINOS KONTOMICHIS
Once more, the international shipping community turned its attention to Greece and more specifically to Attica that hosted Posidonia, the biggest m ...
Tuesday, 14 June 16
CS COAL INDICES ROSE UP FOR A THIRD STRAIGHT WEEK; 4200 GAR COAL UP 0.73%
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up 0.54 percent week over week to averaging $39.37 per ton this past week, shows ...
Monday, 13 June 16
DEMAND FOR DRY BULK COMMODITIES COULD PROVIDE FUTURE BOOST FOR SHIP OWNERS - HELLENIC SHIPPING NEWS
When it comes to the dry bulk market, shipowners these days are looking for news in any shape or form they can find them. However, as the discussio ...
Monday, 13 June 16
ONSHORE SHALE: WORTH KEEPING IN THE SHIPPING SPOTLIGHT CLARKSONS
Generally, shipping industry watchers spend much of their time monitoring events out to sea: how fleets are evolving, trade volumes growing and fre ...
Monday, 13 June 16
PORT OF NEWCASTLE SHIPPED 5.03% MORE COAL IN MAY; AVERAGE SELLING PRICE DECLINED 2.08% FROM APRIL
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.162bill ...
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- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Videocon Industries ltd - India
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