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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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Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
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- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
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- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
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- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
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- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
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- Timah Investasi Mineral - Indoneisa
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- Price Waterhouse Coopers - Russia
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- Australian Coal Association
- Planning Commission, India
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- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
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- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
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- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
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- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
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- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
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