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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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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.
...
Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, ...
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- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- White Energy Company Limited
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
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