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Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up by c.2% since the start of October to USD 16.70 mil.
Interest in the Handysize sector has led Bulker sale and purchase activity since the start of the month. 10 sales recorded so far in October, accounting for 30% of all Bulker transactions.
Sentiment remains firm for this sector. Although rates have fallen from the highs seen earlier this year, they remain above average, with period rates for Handysizes continuing to outperform their larger counterparts. Spot rates for Handysizes are currently at 17,269 USD/day, compared to just 16,883 USD/day for a Capesize. Figure 2 shows the Bulker spot rates for each vessel type by earnings per day.
Notable sales include the Lodestar Pacific (33,400 DWT, March 2015, Shin Kochi) which sold for USD 19 mil to Evalend Shipping of Greece, VV value USD 18.65 mil. The Grikos (30,400 DWT, Jun 2006, Shikoku) sold to Greek buyers for 12.5 mil, VV value USD 11.5 mil.
LNG values skyrocket
LNG values have received a boost as earnings skyrocket once again, surpassing last year’s record breaking peak and rates have yet to reach a ceiling. At the time of writing, timecharter rates were at 440,927 USD/day according to the Baltic Exchange. High demand for LNG vessels, due to the energy demand and the conflict in Ukraine that cannot be met, combined with low fleet supply, has sent freight rates sky high.
As a result, LNG values have continued on their upward trajectory, with newbuilding prices for large LNG carriers up 20% year on year from USD 203.79 mil to USD 244.88 mil. As a result, the number of newbuilding orders placed is up c.92% from last year at 142 orders. Some of the main market participants have been MOL, NYK Line, Global Meridian and Knutsen OAS, ordering up to 15 vessels each so far this year.
Notable newbuilding orders this month include an en bloc order from Venture Global LNG for two 200,000 CBM vessels, scheduled to be built at Daewoo and delivered in 2026, contracted for USD 250 mil each.
TMS Cardiff Gas also added a further order to their newbuilding list for a Large LNG carrier of 174,000 CMB. This vessel is scheduled to be built at Hyundai Samho and delivered in 2026, contracted for USD 246.97 mil, VV value USD 246.35 mil.
Source: VesselsValue
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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Australian Coal Association
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
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