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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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Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
Thursday, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014
COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia ( Arutmin) , are ...
Thursday, 29 November 12
PANAMAX : A FAIRLY STEADY MARKET WITH USD 8.5-9K/DAY FOR 2 LADEN LEGS IN ATLANTIC - FEARNLEYS
Handy
The Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to Far East were around USD 18k and Black Sea to Fa ...
Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1 ...
Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their fo ...
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- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Planning Commission, India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
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