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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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Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
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- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
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- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- The University of Queensland
- Eastern Energy - Thailand
- PTC India Limited - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
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