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Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking advantage of the investment opportunities which arise, in order to secure some good deals, even though they know they will have to wait before their newly acquired vessels bring their money back, due to currently unfavorable freight rates. According to the latest weekly report from shipbroker Clarkson Hellas, "it has been an extremely busy week in the dry sale and purchase market with a number of notable sales to report. We understand that HHI have now sold 7 x 84,000 dwt “kamsarmax” (note 235m LOA) resales originally contracted by clients of TMT. The first group of 4 ships (Hulls S543, S544, S545, S546 ‐completed November 2011 to January 2012) have reportedly been sold to a Greek interest for a price in the region of $24m each. Whilst the second group of 3 ships (Hulls S547, S548, S549 ‐ completed July 2012 to November 2012) have been sold to far eastern buyer for $25m each. The higher price for the second group reflects the inclusion of bow/stern thrusters on the ships and the fact that they are of more recent construction.
In the Capesize segment the newly delivered M/V SPICE (176,000 dwt 2012 blt Jinhai) is reported to have been purchased by Chinese buyers for US$ 33.5m. In the supramax sector the Japanese controlled M/V MIMOSA (53,556 dwt 2007 blt Iwagi) has been committed to clients of Thoresen Thai for US$ 17.1m while the M/V NANOS (50,236 dwt 2002 blt Mitsui) is sold to clients of Gurita Lines, Jakarta for US$ 14m with a prompt charterfree delivery. On handies, the Japanese controlled M/V ETERNAL CONFIDENCE (29,905 dwt 2002 blt Shikoku) has been sold to Turkish buyers for US$ 10.7m basis a charterfree delivery in China within December 2012.
In the Tanker S+P market; BW Maritime have offloaded 2 Japanese built units. Understand “BW UBUD” (299,990 dwt 2000 blt IHI) and “URAL” (299,990 dwt 2000 blt IHI) have been sold to Greek buyers at the reported purchase price of US$ 29.1 m each" said Clarkson Hellas.
In a similar report, Lion Shipbrokers noted on the dry bulk market, that "Japanese controlled GREAT PHEASANT (178K BLT 2000 HYUNDAI/S.KOREA) is reported sold to undisclosed interests for $17.5 mill. Following last week’s purchase of RUBIN ACE (151K BLT 1996 NKK/JAPAN), clients of N.G. Moundreas of Greece are also linked with acquisitions of two off-market capes; AQUABELLA (161K BLT 1995 HYUNDAI/S. KOREA) for the price of $10.5 mill & two years younger MATILDE (160K BLT 1997 HYUNDAI/S. KOREA) for the price of $12 mill. Mid-week, we picked up that modern panamax SANTA TERESA (77K BLT 2006 OSHIMA/JAPAN) is committed to Greek interests for $17 mill while older unit BRAVE STAR (73K BLT 2000 THUNEISHI/JAPAN) has gone to clients of GS Holdings of South Korea for $10.8 mill. Japanese controlled supramax MIMOSA (53K BLT 2007 IWAGI/JAPAN) is finally snapped by clients of Thoresen Thai of Thailand for $16.7- $17 mill. Smaller unit FLORAL LAKE (50K BLT 2003 MITSUI/JAPAN) is committed to Greek interests (hearing clients of Hellenic Carriers) in excess of $14 mill while one year older NANOS (50K BLT 2002 MITSUI/JAPAN) went for the same price to Far-Eastern buyers (hearing clients of PCL of Singapore).
Turkish buyers are behind the purchase of handy ETERNAL CONFIDENCE (29K BLT 2002 SHIKOKU/JAPAN) for $10.5 mill, in line with September’s sale of logger PEONY (29K BLT 2001 SHIKOKU/JAPAN) for $10.1 mill to clients of Nachipa of Chile. In an off market sale ex-Japan market, nineties vintage logger ACE BRIDGE (28K BLT 1999 IMABARI/JAPAN) is sold to Greek buyers (hearing to clients of Transbulk of Greece) for $8.5 mill", the shipbroker's report said.
In the tanker market, "clients of Libra Shipping of Greece have confirmed purchases of three vintage VLCCs: They acquired en bloc sisters BW UBUD & URAL (299K BLT 2000 IHI/JAPAN) for a firm $28-$29 mill each in addition to older unit TI GUARDIAN (290K BLT 1993 MITSUBISHI/JAPAN) for $22 mill. Following last week’s acquisition of HELLESPONT TRIUMPH (157K BLT 1997 DAEWOO/S. KOREA) for $15 mil, we picked up that clients of Dynacom of Greece have also purchased aframax HELLESPONT TRADER (148K BLT 1996 MITSUI/JAPAN) for $11.5 mill. Methanol suitable MR ADA (45K BLT 1997 DALIAN/CHINA) is reported sold for the very firm level in excess of $15 mill basis ss/dd surveys freshly passed to Far-Eastern buyers (remind you she was bought as the SELENDANG PERMATA from IMC of Singapore back in January for $7.5 mill). Japanese controlled Stainless steel unit EASTERN EUREKA (8K BLT 1999 SHIN KURUSHIMA/JAPAN) was bought by Indonesian interests for $6 mill. Bunker tanker TENA (5.5K BLT 2000 CELIKTEKNE/TURKEY) was committed to Russian buyers for the price of $6.5 mill.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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Showing 4491 to 4495 news of total 6871 |
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- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Australian Coal Association
- Posco Energy - South Korea
- VISA Power Limited - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
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