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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, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
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- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
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