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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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Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these d ...
Friday, 16 November 12
HANDY : IRON ORE WAS QUIET AND RATES FROM INDIA TO CHINA AROUND USD 5500
Handy
The Atlantic was weak with more supply of ships. Rates from Continent/ Feast at USD 9000 and from USG/China at USD 15k. The Pacific market re ...
Wednesday, 14 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 11.14 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,100,686 MT of thermal and coking coal for week ended – 0700 hours 12 November 2012, Ne ...
Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration fore ...
Tuesday, 13 November 12
BULK PORTS & TECHNOLOGY ASIA 2013
Press Release - TOC Events are pleased to announce a new addition to our global portfolio with the launch of the inaugural Bulk Ports & Technolo ...
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Showing 4501 to 4505 news of total 6871 |
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- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
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