We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1 ...
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) ri ...
Thursday, 09 August 12
3RD ANNUAL SHALE GAS
Press Release - With the North American shale gas boom, IBC’s 3rd Annual Shale Gas explores optimal strategies to monetize Asia’s domest ...
Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 milli ...
Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
|
|
|
Showing 4621 to 4625 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- London Commodity Brokers - England
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Electricity Authority, New Zealand
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Aditya Birla Group - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
|
| |
| |
|
