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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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Tuesday, 30 October 12
NEW BUILDING ORDERING ACTIVITY KEEPS ON RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have refrained from placing any new orders of vessels during the course of the past few days, according to shipbroker reports. According ...
Monday, 29 October 12
US COAL EXPORTS ARE EXPECTED TO REACH 125 MILLION TONS THIS YEAR - EIA
COALspot.com - US coal exports are expected to reach 125 million tons this year, surpassing the old record of about 113 million tons set in 1981, sa ...
Sunday, 28 October 12
SUB-BIT INDONESIA COAL SWAPS (FOB ) FOR DECEMBER 2012 DELIVERY STAYED FLAT D-D
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery flat on D-D but gained 0.38 percent on W-W on Friday, 26 October 2012, ...
Sunday, 28 October 12
INDONESIA TO INDIA SUPRAMAX FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - The Cape size sector continued to remain active with iron ore movement being steady. All other sectors were down.
The BDI was up b ...
Friday, 26 October 12
SHIPPING MARKETS HEADING FOR DIVISION AND MULTI-TIER WILL BECOME THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It seems that something is expected to be fundamentally different in the way that the shipping markets will be operating in the future, according to ...
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Showing 4526 to 4530 news of total 6871 |
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- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Planning Commission, India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
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