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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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- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- The University of Queensland
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
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