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Wednesday, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
 With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident in the S&P market. However, as the summer lull is now upon us, activity is proving to be even more scarce. In its latest weekly report, Allied Shipbroking commented on the newbuilding ordering activity that there was limited action again this week, “though there seems to be a lot brewing under the surface. There are numerous rumors of orders being worked by several shipbuilders on the tanker side. HHI has been the most prominent of these along with some Chinese shipbuilders though not much has emerged just yet. At the same time there also seems to be an increasing interest amongst potential buyers for dry bulk Kamsarmaxes despite the trends being noted in the market. For the moment these seem to be centered more on price offers and may end up not materializing into something more. Nevertheless it is still interesting to note and may well be a sign of slightly better activity to be seen moving forward”, said Allied Shipbroking.
Meanwhile, in a separate newbuilding report this week, Clarkson Platou Hellas reported “two new orders this week with the focus remaining on the specialised tanker and ropax markets. POET Shipbulding (China) have taken an order from an unknown Singapore based owner for two firm 4,000dwt Asphalt / Bitumen carriers. Delivery of both vessels is due within the final quarter of 2017. Hyundai Mipo have secured an order for a single 31,000GT RoPax for Chinese/South Korean JV operator Weidong Ferry Co. Ltd. The vessel, which will have capacity for more than 700 passengers and container capacity of 320 TEU, is due to deliver in the second half of 2018 for deployment on the Incheon to Qingdao route”.
On a similar note, Allied said that “sale and purchase activity has begun to slow with the beginning of summer. Euronav have lead sales this week with a Resale duo acquired from Hyundai Samho. The two tankers (300,000 DWT) due for delivery later this year have been offloaded by Oceanbulk owned, Product Shipping and Trading for a firm sum of USD 84m each. Also sold in the tanker sector is the Sichem Edinburgh (13,200 DWT, 2007 Blt, 21st Century). The small clean tanker has been done at USD 11m”.
Ships’ values specialist VesselsValue said yesterday that “the bulker market has been much more active than tankers over the past week with a lot of older tonnage dominating the field. Daiichi Chuo have done their smallest Post Panamax, the JP Citrus (85,900 DWT, 2006 Blt, Oshima) at USD 8.2m SS due. Also in the panamax sector is the Golden Lyderhorn (74,200 DWT, 1999 Blt, Sasebo) at USD 3.65m and the Matilde Corrado (72,800 DWT, 2002 Blt, Samsung) bought by Korea Line Corp for USD 4.8m. These sales have pushed older values up signifcantly. The Supramax Peace (55,000 DWT, 2011 Blt, Zhejiang Jiantiao) has been sold at auction for USD 5.6m. Handy values have also seem movement this week following the sales of two Handymaxes, the Blue Sapphire (48,900 DWT, 2001 Blt, IHI) is done at USD 3.3m SS due and the Vipava (46,600 DWT, 1998 Blt, Oshima) is done at USD 2.55m. Two open-hatch Handys have been done En Bloc, the New Mariner and the New Laurel (31,000 DWT, 1999 Blt, Hyundai Mipo). Pan Ocean offloaded the vessels at USD 2.8m each bringing older Handy values down. A Bohai Handy owned by Armania Shipping, the Caju (29,400 DWT, 2000 Blt) has also been done this week for USD 2.45m. A single Boxship has been concluded this week raising July’s boxship deals to 2 against 31 in July 2015. The Sub Panamax Lilac (2,824 TEU, 2005 Blt, Hyundai Mipo) has been sold by KMTC for USD 8m, causing a slight down tick in values. The ship was offloaded by Armania shipping who also offloaded the Caju this week”, VV concluded.
In its report, Allied Shipbroking said that “on the dry bulk side, yet another fairly active week though with hints of further price rises to be seen on the horizon. Buying appetite has improved considerably despite the trends being noted of late in the freight market. We could possibly see a small pause or slowdown during mid-August, though as things stand now it doesn’t look likely to falter the overall upward trend that has been noted of late. On the tanker side, things started to liven up once more with a number of sale in the larger crude carriers and product tankers showing that there is still appetite amongst buyers despite the disappointing trends being noted in the freight market and omens of softer earnings to come. With the price of crude oil having started yet another downward trend these past weeks, its no surprise that interest has resurfaced for tonnage that can be converted and used for storage purposes”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 23 September 16
"COLLATERAL LIES" DO NOT NECESSARILY UNDERMINE AN INSURANCE CLAIM
KNOWLEDGE TO ELEVATE
An insured was not precluded from recovering under an insurance policy even though it had made a false statement during t ...
Friday, 23 September 16
EIA SEES U.S. COAL WEEKLY OUTPUT INCREASE
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Thursday, 22 September 16
CHINA IS THE PRICE-SETTING COUNTRY FOR GLOBAL THERMAL COAL
COALspot.com: China has been the driver of global coal growth since 2009. When China became the largest coal importer in 2011, the country also has ...
Thursday, 22 September 16
SUPRAMAXES ARE ACHIEVING AROUND $7000 FOR A TRIP WITH SINGAPORE DELIVERY VIA INDONESIA TO CHINA
Supramax
A slow start to the week in the Supramax segment in the Atlantic with not much being reported.
In the Blacksea Supramaxes are getti ...
Wednesday, 21 September 16
THE CAPESIZE MARKET HAS BEEN ON A RALLYING TREND SINCE THE END OF AUGUST - GEORGE LAZARIDIS
The Capesize market has been on a rallying trend since the end of August, fuelled mainly by the chase by traders to pre-stock before the typical pi ...
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- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
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