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Friday, 12 October 12
INVESTMENT OPPORTUNITIES OCCUR IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Although 2012 has by now evolved into one of the most challenging years for global shipping industry, ship owners are scouting the second hand ship purchasing markets vigorously, in an attempt to secure modern tonnage at discounted prices. According to the latest weekly report from Lion Shipbrokers, "on the dry bulk side, this week we heard that clients of Sinokor of South Korea purchased vintage ore carrier HEBEI WINNER (256K BLT 1993 IHI/JAPAN) for the price of $12 mill in line with two week old en bloc sale of GENERAL (243K BLT 1992 HITACHI/JAPAN) & WARRIOR (240K BLT 1990 IHI/JAPAN) by same buyes for $24 mill. Demand for capesize tonnage is stronger week by week; In the begging of September, clients of Swissmarine of Greece purchased ORCHID RIVER (170K BLT 1997 KOYO/JAPAN) for $12.3 mill basis special & dry-docking surveys freshly passed, this week two years older capesize unit NSS ADVANCE(173KBLT 1995 SASEBO/JAPAN) has attracted $10 mill by clients of Vista Shipping. The bombshell of the week! In a bank cotrolled sale, clients of Allseas Marine are reported to have acquired en bloc three supramaxes and one handysize vessel for the price of $74 mill. The 3 supramax vessels are sisters CHUNGO TRES, ARROZERO TRES, MINERO TRES (3 X 57K NLT 2011 JIANGDONG/CHINA) while the handysize vessel is the DESTINO DOS (28K BLT 2003 KANDA/JAPAN)" the shipbroker said.
It added that in the Tanker segment, "we picked up that modern MR tanker SEAEDEN (45K BLT 2007 SHIN KURUSHIMA/JAPAN) is committed either clients of Thenamaris of Greece or clients of Nathalin of Thailand for $18.5 mill. Less than a month ago (middle of September), slightly older sisters AVONDEN, OAKDEN, ESKDEN (45K BLT 2004 SHIN KURUSHIMA/JAPAN) were committed en block to clients of AVIN of Greece for $42 mill which translates to $14 mill each. Handy stainless steel sisters JO ASK & JO EIK (2 X 19K BLT 1997/98 GIJONESA/SPAIN) have obtained the price of $11-$11.5 mill each by Angola-based interests. Smaller chemical & product unit SUN VICTORY (6.5K BLT 2000 MURAKAMI/JAPAN) was sold to Indonesian based buyers for $4.8 mill. Furthermore this week LPG carrier SIGLOO ESPOO (13K BLT 1985 MOSS ROSENBERG/NORWAY) was sold for $7.5 mill to Dubai based buyers" it concluded.
In a separate report, Clarkson Hellas said that "in the dry sector, the Japanese controlled capesize M/V NSS ADVANCE (173,246 dwt 1995 Sasebo) invited offers on Thursday last week and reported committed to Chinese buyers for a price in the region of US$ 10m. In the Wet sector, the M/T SEAEDEN (45,983 dwt 2007 blt Shin Kurushima) reported sold at region US$ 18.5m, to Far Easterns, possibly Indonesian buyers. On the smaller sizes, the Far East controlled product tanker sisters M/T BOW DE FENG and M/T BOW DE RICH (12,000 dwt 2002/2003 blt Fukuoka) have been sold to Sinochem, China for region US$ 21m enbloc" Clarkson said.
In a similar note, shipbroker Intermodal noted that "activity was slightly more firm this week with a number of enbloc deals reported in both the tanker and dry bulk markets, while we have also seen a number of deals which have been promoted by their banks in order to “fix their portfolios. On the Tankers side, we had the sale of the “Khorfakkan” (105,304dwt-blt 10 Japan) which after the previous reported deal failed has now been reported to be picked up by Dubai based Horizon Energy for a price of $ 34.0m. While on the dry bulker side, we had the sale of the “NSS Advance” (173,246dwt-blt 95 Japan) which was reported sold for a price of $ 10.5m" said Intermodal.
Meanwhile, demolition-wise, the shipbroker said that "with Interest from both Indian and Pakistani demo buyers remain red hot, we were able to see a further improvement in offered prices this week. This has been despite the continuation of difficulties present in the Bangladeshi market which has been reflected in the stagnant prices offered there. Things in Bangladeshi are looking to remain under trouble for a little while longer, as rumors circulate of renegotiating of previous deals taking place. The shifts in foreign exchange have helped keep prices positive especially in India, however as offered demo candidates once again on the rise it will be interesting to see if these current price levels will hold. Prices improved this week, as wet tonnages saw levels of 325-435$/ldt and dry units at about 305-415$/ldt" the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
Monday, 12 November 12
DRILLING COMPLETED AT THE MOORLANDS DEPOSIT, WEST BOWEN PROJECT
Press Release - Cuesta Coal Limited (ASX: CQC) (“Cuesta”) is pleased to announce it has completed its exploration activities at the Moor ...
Monday, 12 November 12
BARGE-LOAD OF 5K TONNES OF COAL FROM THE ADK JOINT VENTURE SHIPPED LAST WEEK
COALspot.com - Orpheus Energy (ASX:OEG) has announced that, it has successfully shipped a 5,000 tonne of ADK thermal coal to an Indonesian trading g ...
Sunday, 11 November 12
AN OPTIMISTIC WEEK FOR INDONESIAN SUB-BIT COAL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 2.08 percent WoW and 1.28 percent DoD on Friday, 9 November ...
Sunday, 11 November 12
THE IRON ORE AND COAL PRICES MOVEMENTS REMAINS LOW - VISTAAR
COALspot.com The market remained soft with all the sectors soft.
The BDI and was down by 4.67 pct closing at 940 points, on Friday 9 Novemb ...
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- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- PTC India Limited - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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