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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 days, as is proven by the latest weekly reports from shipbrokers. According to the latest report from Clarkson Hellas, it was yet another busy week in the dry cargo second hand vessel market across all sectors, which according to the shipbroker are a buy in for many owners, which is also leading to increased competition on the ships being marketed for sale.
"In the Capesize market this week, the Japanese controlled M/V GREAT PHEASANT (178,820 dwt 2000 blt Hyundai) is reported to have been sold to Greek interests at levels in the mid 17’s. Moreover, undisclosed buyers are reported to have purchased the M/V AQUABELLA (161,010 dwt 1995 blt Hyundai) for a level in excess of US$ 11m with DD freshly passed.
In the panamaxes, the geared panamax M/V PACIFIC PIONEER (69,279 dwt 1994 blt Hashihama) has been sold to Chinese interests for US$ 7.2m. Undisclosed Greek buyers have acquired the handymax M/V CB ADVENTURE (46,232 dwt 2002 blt Oshima) for a firm level in the mid 13’s. The handies has also seen a significant amount of activity this week. Clients of Norden have three modern handysize bulkers, namely the M/V NORD AARHUS, M/V NORD ANTWERP and M/V NORD DUBAI (all about 33,230 dwt 2012, 2011 and 2011 blt respectively in Hyundai Mipo) for an enbloc price of US$ 60m to clients of Dalex, Greece. Elsewhere in the handies, the M/V SPEAR FLOWER (29,738 dwt 2003 blt Shikoku) has been sold for US$ 11.2m to clients of Pacific Basin while the older M/V ACE BRIDGE (28,419 dwt 1999 blt Imabari) has been sold to Greeks for US$8.5m.
In the Tanker S+P market, following a lengthy sales process the new building resale LR2 M/T WHITE STARS (114,700 dwt 2012 blt Samsung) she may have finally been committed to Greek Buyers. It is interesting to note that in the early stages of the process the ship struggled to receive indications in excess of US$ 40m and yet we now understand that a sale may have been agreed in excess of US$ 42m. The M/T PACIFIC HARMONY (69,999 dwt 1999 blt Namura) reported sold to Bumi Armada for a price in excess of US$ 10m.
In the MR tankers, the Morfini-owned product carriers, M/T FANTASIA and her sister M/T ELECTA (51,433 / 51,118 dwt 2009 blt SLS) are committed to Mexican interests at US$ 28.5m each on subjects. The LPG carrier “BRITISH CONFIDENCE” (54,490 dwt 2006 blt Mitsubishi) has been concluded at US$ 55m to undisclosed buyers" Clarkson Hellas concluded.
In a separate report, Lion Shipbrokers said that on the dry bulk market, "ore carrier AMY N (322K BLT 1997 DAEWOO/S. KOREA) was reported sold to the usual suspects, clients of Sinokor of South Korea for the price of $25 mill while capesize resale SPICE (176K BLT 2012 JINHAE/CHINA) was committed to clients of Rizhao Steel of China for $33.5 mill. Greek buyers have paid a firm $95.2 mill for the en-bloc acquisition of four modern TMT’s resales ex-Hyundai shipyard namely C MAX, D MAX, E MAX, F MAX (4 X 84K BLT 2011 HYUNDAI/S. KOREA) while remaining three units H MAX, K MAX, J MAX (3 X 84K BLT 2012 HYUNDAI/S. KOREA) were snapped by South Korean interests for $75 mill en bloc. In an off market deal, Mitsubishi’s panamax PERLA BULKER (76K BLT 2007 TSUNEISHI/JAPAN) went to undisclosed interests for $17.8 mill. Having being circulated in the market for a long time, geared & grab fitted panamax PACIFIC PIONEER (69K BLT 1994 HASHIHAMA/JAPAN CR 4X25T 10CBM GRABS) has finally found Chinese buyers who agreed to pay $7.2 mill for her.
We picked up that Enesel’s supramax THALASSINI AXIA (58K BLT 2010 SPP/S. KOREA CR 4X36T) is committed in excess of $21 mill to Greek buyers (hearing clients of JME Navigation), meantime may we remind you that her two sisters THALASSINI KYRA & THALASSINI NIKI (58K BLT 2010 SPP/S. KOREA CR 4X36T) were sold back in August in excess $22 mill each also to Greeks. Japanese controlled handymax CB ADVENTURE (46K BLT 2002 OSHIMA/JAPAN CR 4X30T) is rumoured sold for $13-$13.5 mill to Greek buyers (hearing clients of Ikarus). Chinese buyers continue their shopping spree for scrap related tonnage; mid-eighties handymax ATLANTIC MIGHT (42K BLT 1985 MITSHUBISHI/JAPAN CR 4X25T LDT 8275) went for $3.4 mill which translates to about $410 per Lt. Three modern handy resales NORD ANTWERP & NORD DUBAI (33K BLT 2011 HYUNDAI/S. KOREA CR 4X30T) & NORD AARHUS (33K BLT 2012 HYUNDAI/S. KOREA CR 4X30T) are reported sold en bloc for $60-$61.5 mill levels to clients of Dalex of Greece (about $20-$20.5 mill per ship).
Clients of Pacific Basin are said to be behind the sale of Japanese controlled handy logger SPEAR FLOWER (29.7K BLT 2003/JPN 5HO/5HA CR 4X30T 2XGENERATORS) for $11.5 mill.
Containers: APL of Singapore have disposed two panamax units this week; APL IRELAND (67K BLT 2003/JPN 5928 TEUS) went for $25 mill to undisclosed buyers while older APL GARNET (66K BLT 1995/S.KOREA 4729 TEUS) went to clients of Diana of Greece for $30 mill including 34 months time charter back to Sellers at an undisclosed rate. Clients of Mandarin Shipping of Hong Kong have bought en bloc geared sisters KOTA MEWAH & KOTAH MEGAH (2 X 28K BLT 1997/S. KOREA 2105 TEUS CR 4X40T) for $5.8-$6 mill each while their other sister KOTA MESRA (28K BLT 1997/S. KOREA 2105 TEUS CR 4X40T) went to clients of Tribini Capital of Hong Kong for $6.2 mill" Lion concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
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