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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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Monday, 19 November 12
GOVT PREPARES TO FACE ANOTHER SUIT ON MINING LAW - THE JAKARTA POST
The government is gearing up to face a complaint on the 2009 Mining Law prepared by the same organization that previously brought down upstream oil ...
Monday, 19 November 12
IHS MCCLOSKEY ASIA PACIFIC COAL OUTLOOK CONFERENCE 2012
With the current global oversupply of thermal coal showing no signs of abating and spot prices falling to a two-year low, concerns are growing that ...
Sunday, 18 November 12
INDONESIAN SUB BITUMINOUS COAL SWAPS FOR JANUARY 2013 DELIVERY GAINS 1.29 PERCENT WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for January 2013 delivery gains 1.29 percent WoW and 0.25 percent DoD on Friday, 16 Novembe ...
Saturday, 17 November 12
THE SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA ARE EXPECTED TO BE UP NEXT WEEK - VISTAAR
COALspot.com - This week market sentiments ended positive with all the segments ending higher except for handy size which was almost at same levels ...
Saturday, 17 November 12
RECORD DEMOLITION ACTIVITY SEEKS TO CURB TONNAGE OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
This year will prove to be another record-breaker in terms of scrapping of older vessels across all shipping segments, as the equally feverish pace ...
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- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
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