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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
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Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
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- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Economic Council, Georgia
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