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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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Sunday, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively ...
Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* mill ...
Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...
Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...
Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...
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- Borneo Indobara - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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