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Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding deliveries, ship owners are still keen on investing on second hand bulkers, should the proper opportunity arise. They are betting that, if the price is right, they can break even as soon as the dry bulk market posts a small rebound from today's near record low levels. This means that once the current oversupply of tonnage is alleviated, they can earn a hefty profit on these cheaply acquired vessels.
According to the latest report from Clarkson Hellas on the Sales and Purchase front, it was another week of hightened activity in the dry cargo sector, "with more reported activity across all sectors. Clients of Sinokor have dominated the capesize market this week with the reported purchases of 2 x VLOCs namely the M/V WARRIOR (243,850 dwt 1990 blt I.H.I.) at US$ 12m and the M/V GENERAL (238,818 dwt 1992 blt Hitachi Zosen) from Chinese owners HOSCO for US$ 12.5m, and the M/V RUBIN HOPE (170,409 dwt 1999 blt I.H.I) from clients of Mitsui O.S.K. for region US$ 15m. The “WARRIOR” and “GENERAL” were both acquired by the owners as VLCCs in 2007 and converted in January 2008 to ore carriers.
The handymax M/V NEW EMERALD (45,554 dwt 1996 blt Samsung) is concluded at around US$ 7.5m to Greek buyers while the older M/V KS GRACE (41,090 dwt 1985 blt Oshima) is reportedly sold to Chinese buyers for US$ 3.1m.
In the handies Chinese buyers have agreed to pay US$ 6.5m for M/V NEW ALLIANCE (27,904 dwt 1996 blt Hakodate) while the M/V KOPER (22,150 dwt 1993 blt Saiki) reported sold at US$ 4.5m to Far Eastern buyers.
In the Tanker S+P market we can report the sale M/T HELLESPONT TROOPER (147,916 dwt 1996 blt Samsung) which understand acquired by Greek buyers at a price in the region of US$ 12m. The M/T RAINBOW QUEST (47,221 dwt 1999 blt Onomichi) to Mercator at close to US$ 11.5m" Clarkson Hellas said.
Meanwhile, in another critical segment for the future of the dry bulk market, the demolition of older vessels, this time around, owners are refraining from selling more of their older vessels at the moment, as a result of a considerable price reduction in rates they can receive from scrapyards around the world and mainlyAsia, where the vast majority of vessels are being scrapped. According to shipbroker Intermodal, "it seems as though owners decided to delay any decision to proceed with pushing their overage tonnage for demolition. This was also fairly prevalent by the slower activity noted in the market the past week. Things are unlikely to change for the better fairly quick, as the difficulties noted by Bangladeshi breakers with regards to getting lines of credit open and at the same time the slower interest from both India and Pakistan will likely keep things subdued for a while. China on the other had seemed to have had a change in appetite, increasing its offered price levels and essentially closing the large gap between them and the Indian sub-continent that had been created since the end of July. Prices as such held fairly stable this week, with wet tonnage receiving around 320-400$/ldt and dry units still holding at about 290-375$/ldt".
In a separate note on demolition activity, Athenian Shipbrokers said that "once more the timing of making a vessel available for demolition proves to be of the essence as the weakening of recycling market interest seems to hit owners seeking to promptly off-load older tonnage. India leads the way with mild interest shown on promptly available vessels, while Pakistani breakers seem to – traditionally – strongly favour tanker vessels. With the Bangladeshi market currently closed as it tries to ‘digest’ tonnage already in their hands and China showing little signs of recovery, it is inevitable that the stream of vessels heading towards the Sub – Continent will continue to flow unabated" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
Saturday, 29 December 12
SHIPBREAKING YARDS IN INDIA DEMOLISH A TOTAL OF 527 VESSELS IN 2012, BREAKING ALL PREVIOUS RECORDS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
India's ship demolition experts of Star Matrix contemplated this week on the issue of why ships in the range of 1,000 and up to 6,500 liquid tons ( ...
Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 199 ...
Thursday, 27 December 12
INDONESIA SHIPPED 33.578* MMT COAL IN NOVEMBER
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 33.578* million tons of coal in November 2012. thi ...
Wednesday, 26 December 12
UPDATE ON EXPORT BAN ON RAW MINERALS AND ORE - RITA SUSANTO
COALspot.com - In May 2012, the Minister of Energy and Mineral Resources (“MoEMR”) in Regulation No.7 (“Reg-7”, amended by R ...
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- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
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