We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 24 July 12
SHIP OWNERS WAITING FOR SHIP PRICES TO FALL FURTHER BEFORE MOVING IN MORE AGGRESSIVELY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the summer season already well under way and many ship owners getting ready for the autumn, the sale & purchasing activity of second hand vessels seems to have abated during the past few weeks. According to ship brokers, ship owners are actively delaying making investment decisions at this point, as they are looking for ship prices to decline even further. According to a report from Lion Shipbrokers, "as expected this week, we had low level of s+p activity with just a few sales to report, although we noticed numerous purchase enquiries in the market, especially for Japanese built tonnage.
On the dry-bulk side, clients of Sinokor of S. Korea are reported to have acquired a 180k cape resale dely 2013 ex Sundong shipyard in China for $39.5 mill, while we heard rumour that Vinashin supramax hull No: S010 HVS resale has been committed to Indonesian interests for $20.3 mill. We also picked up that Turkish controlled handymax AYSE AKSOY (46K BLT 1995 TSUNEISHI/JAPAN CR 4X25T) has gone to Chinese buyers for the price of $8.6 mill, however she was circulated in the market today for sale. Late 90's vintage singledecker ASIAN FORTUNE (6K BLT 1998 IMABARI/JAPAN CR 2X30T) was snapped by Indonesian buyers for $2.8-3 million" said Lion Shipbroker.
According to Golden Destiny, a total of 14 deals were concluded this week, for 14 vessels in a total investment of 70.95 million euros, with the tanker segment appearing the most active. In its separate weekly report, Clarksons Hellas noted that in the dry bulk carrier segment, "the ore carrier M/V BAOSTEEL EDUCATION (228,527 dwt 2009 blt Namura) is changing hands within Japan at a price of US$ 45m. The buyers are reported to be MOL to whom the vessel was under timecharter until 2029 at US$ 20,000 per day.
In the post panamax sector, clients of Diana Shipping are reported to have committed a resale controlled by Kambara interests from Tsuneishi Zhoushan Shipyard Hull SS-118 (97,988 dwt) for a price in the region of mid US$ 20’s.
In the supramax sector, a resale from Hyundai Vinashin Shipyard the Hull S010 (55,783 dwt 2012 blt Hyundai Vinashin), originally contracted by clients of E.R.Schiffarht, has been sold by the yard to clients of Thailand’s Precious Shipping at a price reported to be as low as US$ 20.5 million. In the older handysize sector, the M/V BRAVE JOHN (39,230 dwt 1983 blt Kanasashi) has been sold by clients of P&P Shipping to Ukrainian buyers for circa US$ 3.7m. Chinese buyers are reported to be behind the purchase of the M/V BARCELONA (27,573 dwt 1984 blt 1984 Mitsui) from clients of Nordstrand Maritime at region US$ 1.9m while the Thai Pacific Maritime controlled M/V SIAM TOPAZ (26,587 dwt 1985 blt Kanasashi) has been sold to Greek interests for region US$ 2.45 million" said Clarksons Hellas.
It also announced that it has been appointed officially by the Korea Deposit Insurance Corporation (“KDIC”) in conjunction with a Korean partner to exclusively manage the sales and related consultancy of 7 modern bulk carriers namely “SEA OF HARVEST” (81,508 dwt, built 2009 Universal), “GRAND CHALLENGER” (82,992 dwt, built 2006 Tsuneishi Zosen), “SEA OF FUTURE” (76,454 dwt, built 2005 Tsuneishi Zosen), “SEA OF GRACIA” (about 76,015 dwt, built 2003 Tsuneishi Zosen), “SEA OF HARMONY” (about 76,379 dwt, built 2001 Tsuneishi Zosen), “SUNNY PRIDE” (about 74,078 dwt built 2000 Imabari) and “ATLANTIC ADVENTURE” (about 55,709 dwt, built 2006 Oshima, C4x30T). At present, we are preparing further information, and discussing the time frame of the sale with the controlling interests, and will be able to revert with further information on how the sale will proceed in the coming week" the company noted.
Meanwhile, in the tanker S+P market, Clarksons Hellas said that "an interesting deal we can report is the sale of four German controlled 1998 built Aframaxes to South Korean interests - namely, M/T CAPE AVILA (105,237 dwt 1998 blt Halla) and sisters M/T CAPE AKROTIRI; M/T CAPE ASPRO and M/T CAPE ANCONA. The sale was committed on a subject inspection basis at region US$ 10.5m per Vessel and delivery will be later this year. The D’ Amico’s older Aframax, M/T SCORPIUS (94,225 dwt 1994 blt Fincantieri) has achieved US$ 13m. The IMO II/III M/T BALLAD (44,999 dwt 1996 blt Halla) reported sold to Nigeria based buyers at US$ 10.25 million" it mentioned.
Lion Shipbrokers added that in the tanker segment, "clients of Sinokor of S. Korea have been particularly busy purchasing en bloc four 1998 South Korean built (Halla) aframaxes for $10.5 mill each. Greek buyers are said to have bought double hull MR unit BALLAD (45K BLT 1996 HALLA/S.KOREA, EPOXY COATED, LDT 9709) for $10.6 mill. Three stainless steel units changed hands this week; Undisclosed buyers committed modern Japanese built unit SIVA ROTTERDAM (19.9K BLT 2012 USUKI/JAPAN) for $30 mill while older unit CHEMSTAR DUKE (19.5K BLT 2000 SHIN KURUSHIMA/JAPAN) went to clients of PT Musin Mas of Indonesia for $12.25-12.65 mill levels. Five year old GOLDEN MERMAID (12.7K BLT 2007 HIGAKI/JAPAN) was sold within Japan for the price of $15.25 million" Lion said.
Finally, on the container/mpp front, clients of Costamare of Greece have bought geared feeder PEMBROKE (2442 TEUS BLT THYSSEN/GERMANY CR 3X40T) for $7 mill while clients of Simatech of U.A.E. have acquired polish built feeder R. PARTNER (20K BLT 1994/POLAND 1354 TEUS CR 3X45T) for $2.7 million.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 20 August 12
CHINESE COAL SWAPS RISE, INDONESIAN COAL CONTRACTS SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost -2.05 percent W-o-W on Friday (17 August 2012) closing but gained ...
Saturday, 18 August 12
BULK FREIGHT MARKETS CONTINUED THEIR DECLINE IN LINE WITH WEAK DEMAND - VISTAAR
COALspot.com - This week also the indices fell on all segments with BDI touching lowest in almost 3 years.
The BDI closed at 714 points down by 7 ...
Thursday, 16 August 12
PUBLIC PRIVATE PARTNERSHIPS CONFERENCE 2012
Press Release - Asia’s Premier Public Private Partnerships Conference 2012 will showcase commercial opportunities for investors and developers ...
Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal mark ...
Tuesday, 14 August 12
SAKARI ENTERED INTO JV IN CAMBODIA TO EXPLORE COAL OPPORTUNITIES
COALspot.com - Sakari joints hands with The Royal Group of Companies in Cambodia to explore and develop coal opportunities throughout the country.
...
|
|
|
Showing 4611 to 4615 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- White Energy Company Limited
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Indika Energy - Indonesia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
