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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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Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...
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- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- PTC India Limited - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- The University of Queensland
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
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