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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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Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
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 ...
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- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- The University of Queensland
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
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