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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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Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
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Showing 2541 to 2545 news of total 6871 |
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- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Australian Coal Association
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
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