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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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Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
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- Australian Coal Association
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
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