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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, 07 March 16
INDONESIAN 5700 GAR COAL INDEX DECLINE $0.05 A TON WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.28 percent week over week to averaging $38.66 per ton on this past Friday, ...
Monday, 07 March 16
FREIGHT MARKET MOVING POSITIVE; ALL SEGMENTS EXCEPT CAPE SHOWING A FIRM TREND
COALspot.com: The freight market was steady this past week and showing a firm trend for all segments except for Cape index.
The Baltic Dry Ind ...
Friday, 04 March 16
GLOBAL ECONOMY'S JITTERS ARE SLOWING DOWN SHIPPING EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The global economy’s shaky condition to say the least is now hampering growth and as a result demand for shipping is slowing down, something ...
Friday, 04 March 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 109.3 MMST; 30.2% LOWER THAN THE COMPARABLE YEAR-TO-DATE COAL PRODUCTION IN 2015 - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 million shor ...
Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a ...
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Showing 2536 to 2540 news of total 6871 |
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- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- White Energy Company Limited
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- The University of Queensland
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
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