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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM are currently at an all-time high of USD 269 mil, up by c. 6.1%.
Values for LNG vessels have increased across all sub sectors and age categories since the start of the year, with 20YO Large LNG vessels of 140,000 CBM up by around USD 10 mil from USD 62.85 mil to USD 72.40 mil, equating to a c.15% increase since the first of January 2024 .
At the moment, the orderbook for the Large LNG sector specifically, stands at c.64% in comparison to the live fleet. The majority of orders placed so far this year are in the Large LNG sector, representing c.74%, followed by QMAX with c.23%. Historically, the only other orders taken for the QMAX sector were in the 2000’s, indicating that the recent orders could be part of a fleet renewal program. Qatar has lead orders in 2024 with a share of c.44%, the UAE represents c.13% and in third place, China with c.9%.
Earnings are currently stable but at low levels, which is usual for the time of year. Although LNG spot rates are up by c.12% month-on-month. Year on year earnings are down slightly by c.1%. However, positive sentiment for this sector stemming from geopolitical uncertainties and an increased amount of LNG being delivered to EU ports to replace the Russian Gas formerly shipped by pipeline, in combination with a push towards newer, greener vessels, have ensured that newbuilding demand for the LNG sector has remained firm.
Notable new orders include 10 x Large LNG vessels of 174,000 CBM by ADNOC scheduled to be built at Samsung and Hanwha Ocean and set to be delivered in 2028, VV value 2.7 bn.
Source: Veson Nautical
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Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
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- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
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- GVK Power & Infra Limited - India
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- Sojitz Corporation - Japan
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- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
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- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
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- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
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- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
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- Coalindo Energy - Indonesia
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- Salva Resources Pvt Ltd - India
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- Petron Corporation, Philippines
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
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- PowerSource Philippines DevCo
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- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
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- Tamil Nadu electricity Board
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- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Australian Coal Association
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
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- Minerals Council of Australia
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- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
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- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
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