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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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Tuesday, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% ...
Monday, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
COALspot.com: The freight markets rose slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global ...
Monday, 29 February 16
LOSS OF EARNINGS IN THE WAKE OF A COLLISION - GARD
KNOWLEDGE TO ELEVATE
A shipowner’s loss of earnings can form a significant part of a collision claim. Awareness of the ways of calculati ...
Friday, 26 February 16
U.S WEEKLY COAL PRODUCTION UP SLIGHTLY
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Wednesday, 24 February 16
HOW IS THE FUEL MIX FOR U.S. ELECTRICITY GENERATION CHANGING? - EIA
In recent years, there have been changes in the mix of fuels used to generate electricity in the United States. Natural gas and renewable energy so ...
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- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Australian Coal Association
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
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