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Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. According to the latest weekly report from shipbroker Golden Destiny, a total of 25 vessels were reportedly traded, with a total invested capital to be in the region of US$ 521.1 mil, 5 deals reported at an undisclosed sale price. Bulkcarriers and Tankers remain the sectors that hold the lion’s share, while the deals in the tanker sector represent 50% of the total invested capital due to the sale of two product tankers that are being constructed under Jones Act while the deal includes also a profit sharing agreement between the yard and the owner. In terms of the reported number of transactions, the S&P activity is up by 8% from last week’s activity and 38.8% up from previous year’s weekly S&P activity, when 18 vessels induced buyers’ interest at a total invested capital of about $139 million.
In a separate report, Lion Shipbrokers reported that on the dry bulk market, "prompt supramax resale ROSANNA D (58K DELY OCT 2012 EX DAYANG/CHINA CR 4X35T) was sold for $22 mill to undisclosed interests. Clients of Laskaridis of Greece are behind the en-bloc sale of two 58K SUPRAMAX SISTERS (HULL 196 & 197) ex Zhejiang Shipyard in China for $45 mill, both slated for delivery 4th quarter of this year. In a sale organised by London Underwriters, damaged supramax AKIBA (57K BLT 2011 STX/S. KOREA CR 4X35T LDT 10621) was snapped by clients of Asian Marine of Singapore for $7.5 mill basis as-is/where-is Singapore with bottom damage, having being inspected by 30 buyers. Japanese controlled handymax OCEAN BRIDGE (46K BLT 1998 TSUNEISHI/JAPAN CT 4X25T) was acquired by clients of Sicuro of Greece for $9 mill basis ss/dd due January 2013. Greek buyers have also purchased handymax LJUBLJANA (43K BLT 1997 IHI/JAPAN CR 4X30T) for $8.6-$8.7 mill basis special & dry-docking surveys freshly passed. Greek buyers have agreed to pay $8.5 mill for three generator handy logger BERING ID (28K BLT 1997/JAPAN CR 4X30T)" said the shipbroker.
On the container/mpp front, "we had another slow week with just a few sales to report; Geared feeder KOTA MEGAH (28K BLT 1997 DAEWOO/S. KOREA 2105 TEUS CR 4X40T) was committed to Greek buyers for $6.5 mill while Turkish buyers have paid $875,000 for multipurpose unit MAREIKE (7K BLT 1996/GER CR 2X40T, LDT 2889), having currently a Turkey scrap value of about $1 mill. In the Tanker segment, clients of Tanker Pacific of Singapore have committed Japanese controlled aframax BM MIMOSA (105K BLT 2007 SUMITOMO/JAPAN) for $25 mill basis 2 years bbhp. Aframax resale HOPE I (104K DELY JAN 2012 EX SUMITOMO/JAPAN) was purchased by clients of NGM Energy for $36 mill. Five year old MR FREJA SELANDIA (53K BLT 2007 SHIN KURUSHIMA/JAPAN) went to far Eastern buyers for $21.5 mill basis 5 years bbhp, having being inspected by 8 parties (a mix of Greeks and Far Eastern buyers). Japanese controlled stainless steel unit GOLDEN JANE (16.5K BLT 2000/JAPAN) was purchased by Indonesian buyers for $9.1 mill. Zinc coated & stainless steel cargo tanks chemical unit BATTERY PARK (15K BLT 1991 KURINURA/JAPAN LDT 4252) went to Nigerian buyers for $2.9 million" Lion Shipbroker concluded.
Meanwhile, according to Golden Destiny, in the demolition market, “the week ended with just 8 vessels reported to have been headed to the scrap yards of total deadweight 733,279 tons. In terms of the reported number of transactions, the demolition activity is down by 56% from previous week’s business with all sectors and markets presenting lower activity, with India being the most active player. In terms of deadweight scrapped the weekly difference is just 8.9% down this week, because half of the vessels sold were above 100,000dwt.
At a similar week in 2011, demolition activity was 27.7% higher than today’s levels, in terms of the reported number of transactions, when 18 vessels had been reported for scrap of total deadweight 740,966 tons with bulk carriers representing the 83.3% of vessels heading the scrapyards with scrap prices as reported also in our previous report to be at stronger levels with India and Bangladesh offering $495-$500/ldt for dry and $520-$525/ldt for wet cargo” Golden Destiny said.
Lion also noted that in the demolition sector, “this week's subcontinent's market is still bullish, as prices are driven by expectation. Rates are currently ranging between $410-$430 for bulkers, $430-$450 for tankers & $430-$450 for container vessels. China is weak paying $300-$310 while Turkey is bullish paying $310-$330 for bulkers, $330-$340 for containers & tankers.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
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Showing 4536 to 4540 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Renaissance Capital - South Africa
- MS Steel International - UAE
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
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