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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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Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
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- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- The University of Queensland
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Electricity Generating Authority of Thailand
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