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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, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- PTC India Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
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