HS3 Recalada-Rio de Janeiro trip Skaw-Passero 12.5 45650 (Average in USD) ▲67
HS4 US Gulf trip via US Gulf or NCSA to Skaw-Passero 12.5 45005 (Average in USD) ▲226
rute za handysize ……. sto bi reko atlantic…….rasteeee…….
22-05-2007 – Far Eastern Shipping Co (Russia) orders series of supramax ships in China
Russian’s Far Eastern Shipping Co (Fesco) is jumping on the supramax-bulker bandwagon with a series of newbuildings in China.
Market players say the fast-expanding company has returned to Jinling Shipyard for four 57,000-dwt units for delivery in 2010. The bulkers, which will not be built to the enhanced performance standards for protective coatings (PSPC), are said to be costing between $36m and $37m per ship.Russia’s largest containership operator, Fesco operates a tramp fleet of 39 ships. The supramax newbuildings at Jinling will be the company’s biggest bulkers. The Clarkson database lists Fesco’s current largest bulkers as four handysizes of 33,800 dwt to 37,200 dwt.
Fesco went to China in 2004 when it contracted six 1,100-teu boxships at Jinling for about $19m each. The shipbuilder has since delivered four and is set to hand over the remaining two next year.Meanwhile, Vladivostok-based Fesco also has four 1,831-teu boxships under construction at Kouan Shipyard in China. They are slated for delivery from late 2007 through to early 2009.The company also has four 3,100-teu and three 1,700-teu containerships under construction at Poland’s Szczecin Shipyard. They are all set for delivery in 2008 and 2009.
Last month, Fesco announced it had logged gigantic earnings for 2006. Net profit jumped from just $11.25m in 2005 to $68.9m. Fesco expanded into railway services and container terminals last year through a number of large acquisitions. The company was said to have spent $275m to buy a 50% stake in terminal operator National Container Co, another $84m on 50% of the stock in railway oufit Transgarant and $8m on stock in Trans-Siberian Railway.
22-05-2007 – China Dalian beefs up fleet with trio of supramaxes
China Dalian International Corp has ordered three 57,000 dwt supramaxes at a total cost of $101m from an east China shipyard.
The vessels, which will be operated through Singapore subsidiary Da Sin Shipping, will more than double the size of the company’s bulker fleet by 2009.The ships will be delivered between August and December next year and increase total tonnage from 106,000 dwt to 277,000 dwt.
22-05-2007 – China Dalian beefs up fleet with trio of supramaxes
China Dalian International Corp has ordered three 57,000 dwt supramaxes at a total cost of $101m from an east China shipyard.
The vessels, which will be operated through Singapore subsidiary Da Sin Shipping, will more than double the size of the company’s bulker fleet by 2009.The ships will be delivered between August and December next year and increase total tonnage from 106,000 dwt to 277,000 dwt.
Company spokesman Han Xiuji declined to disclose details of the shipyard except to say it was a Sino-foreign joint venture in Jiangsu province. Insiders believe it could be Nantong KHI Cosco Ship Engineering.Mr Han said the newbuildings would be partially financed by the $39.9m generated from the sale in March of the 2003-built, 49,000 dwt bulker Mandarin Glory.Bank finance will be arranged to cover the balance of the cost of the newbuildings.China Dalian International said: “The new order can enlarge and improve the age-structure of our fleet and will allow us to grasp the opportunity in the market.”It now owns a 49,000 dwt bulker which is on time charter. It has another 57,000 dwt newbuilding on order for delivery next year.The Mandarin Glory has been renamed CK Glory by COAG & KML, which is a joint venture between state-owned China Ocean Aviation Group and Dalian transport outfit Inteh Group.
22-05-2007 – China ups tax on metals, steel exports
China will impose or increase taxes on a range of metal exports in an effort to control exports by energy-intensive industries and ease its huge trade surplus, the Ministry of Finance said on Monday.The announcement came ahead of a “strategic economic dialogue” in Washington this week between high-level U.S. and Chinese officials at which China’s huge trade surplus is likely to be a major bone of contention.The change will “further control exports of energy-and-resource-intensive products which cause high pollution, to promote the balance of trade,” the ministry said in a statement on its Website. China would impose a tax of between 5 and 10 percent on exports of more than 80 types of steel products, it said.China’s soaring steel exports in particular had raised tensions with the United States and Europe, and higher taxes on steel exports had been expected.This week, China began a licensing system for exports of 83 types of steel products in a move also expected to curb the export surge.”China’s steel exports should be lower in the second half than in the first half,” said Qi Xiangdong, vice-secretary general of the China Iron and Steel Association.”Steel exports in 2007 will be around the same level as last year, considering the huge export volume in April,” he said. Mills and traders racing to beat export policy changes shipped a a record 7.16 million tonnes of steel products last month.
“What I worry is that such strong and continuous measures by the government will hit many steel mills hard. Many will lose money, some could close and unemployment problems could arise,” said Li Xinchuang, vice-president of the China Metallurgical Industry and Research Institute.
Exports would not slow down much this year since most contracts had been signed already, but next year could see a big fall-off, Li predicted.
The changes take effect on June 1. The short statement did not give a precise breakdown of which metals were included in the change, but a detailed list is normally issued after such announcements.
METALS
The export tax for metals including unwrought zinc will rise to 10 percent from 5 percent, while a 10 percent tax will be added to exports of refined lead.
That could lift zinc (MZN3) and lead (MPB3) futures on the London Metal Exchange, both of which have been underpinned by forecasts of a global deficit in 2007 as Chinese consumption rises.
The statement did not mention aluminium products, which currently enjoy a rebate
of 8 to 11 percent, but many traders expect that to be removed sometime this year. Exports have doubled in the first four months of this year, but the aluminium industry has argued that products production is not a polluting process.
The export tax on steel billet and pig iron will rise to 15 percent from the current 10 percent, in line with market talk last week.
“The tax move is within the market’s expectation,” said analyst Luo Wei at China International Capital Corp.
“China saw larger-than-expected steel exports in April due to strong overseas demand. I think the tax move can efficiently lower exports in the months to come.”
Some ferro-alloy exports will be taxed at 15 percent, up from the current 5 to 10 percent, again in line with government warnings of overheated investment in that sector
21-05-2007 – Market Snapsot: Week 20
DRY BULK
CHARTERING – Handy
The average index jumped over usd 45,000 (usd 45,063) and again the rates have been climbing in all areas, regardless the routes. Medi Melbourne was fixed at usd 67,500 for a short trip via South Africa/Richards Bay to India. Gulf to Continent voyages were bringing the Owners usd 60,000 daily income as well. Korea Line fixed 52,808 dwt Kerasia S, built in 2004, at usd 31,500 for 5 years, which is the same rate Owners would get for one year in March. Sk Shipping concluded one year deal with Nicolaos A at usd 44,150.