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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, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
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- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Economic Council, Georgia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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