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Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to get the best deals possible to cater to their needs, as attractive pricing makes for faster return on investment, even at today's low freight rates. Another popular option, except second hand ships, are resales done from shipyards, who have been keen to offload cancelled projects.
According to the latest report from Clarkson Hellas, five new Yangzijiang kamsarmaxes (82,000 dwt 2012/2013 blt China) were reported sold enbloc to Nishinat a price of US$ 23m each. "Tsuneishi Fukuyama has sold its Kamsarmax newbuilding Hull 1487 (82,100 dwt Jan 2013 blt Tsuneishi) to Greek buyers at US$ 27m. Further on, the Hull SO56 (81,993 dwt 2013 blt Hyundai Vinashin) reported sold to Greek buyers for US$ 23m. The vessel was originally contracted by clients of Hyundai Investment Corp and is due to delivery around April 2013.
Another pair of Kamsarmaxes understand are committed to Greek buyers. The Guangzhou Longxue Hull L0026 and sister Hull L0047 (82,000 dwt 2012 blt China) reported sold at US$ 22.5m. Sinopacific Shipbuilding have continued their sales run with the conclusion of another “CROWN 58” from their Dayang facility. Hull DY147 has now been sold to Greek buyers for $20.2m basis delivery January 2013. This follows on from the yard’s recent sales of three other “CROWN 58” ships for slightly higher levels of around US$ 21m to Chinese buyers, as well as two “CROWN 63” Ultramaxes (Hull DY4023 / Hull DY4021) for US$ 24.5m each to a German and a Greek buyer. Another resale to report this week is that of Hull H4066 (35,000 dwt 12/2012 blt SPP) from clients of Roxana Shipping S.A. to clients of Empremar, Chile for US$ 25.35m. This price looks very firm when compared to the recent sales of “NORD ANTWERP”, “NORD AARHUS” and “NORD DUBAI” (33,221 dwt 2011/12 blt Hyundai Mipo) for US$ 61.5m enbloc. We understand this high price could be to do with the fact that clients of Empremar specifically wanted to purchase a sister unit to “SPL TARAPACA” (which they bought in 2011) that could also give delivery within 2012. Additionally some suggested that long term subjects exist" the shipbroker said.
Clarkson Hellas added that "the post-panamax beam, coal trader M/V PEGASUS ISLAND (77,830 dwt 2002 blt Mitsui) has been concluded to undisclosed buyers at US$ 12.2m. Market rumours suggest either Greeks or Indonesians are behind this purchase but still unclear. Offers were invited last week on M/V IKAN BAYAN (75,777 dwt 2005 blt Sanoyas) after as many as 15 buyers had requested to inspect her in La Coruna earlier this month. We understand the Japanese owners received only a limited number of offers and have now committed the vessel to undisclosed Greek interests for around US$ 15.4m.
As the tanker market enters what should be the pre‐Christmas lull there is an unusual yet reassuringly high level of activity for this time of year. Vessels across the spectrum are being heavily inspected and prices in some segments are actually firming giving optimism for 2013 following a very subdued 2012. It should be noted that we are talking in purely sale and purchase terms here as we all recognise that there are challenging times still ahead particularly on the chartering markets. However the fact that some of these values are improving will hopefully give a little respite to some of the day to day pressures that Owners have been facing over the last couple of years. Several rumours exist in the market on the sale of the LR2 M/T CHAMPION PRIDE (99,997 dwt 1998 blt Samsung) in respect of the final price and the buyers’ id. Hopefully till our next report both will be clear and shall report accordingly" Clarkson Hellas concluded.
In a separate report, shipbroker Golden Destiny said that "the S&P activity in the bulk carrier segment keeps its firm volume of business with panamax and handymax vessels being on the focus of investors this week with a notable resale reported in the supramax segment. In the tanker segment, an interesting deal reported in the panamax size as a bank driven sale, M/V “NORDIC ANNE” 73,723dwt built 2009 China at a price in the region of $25 mil with four S&P transactions for small tanker tanker vessels of less than 10,000dwt. In the container segment, the buying interest of investors holds very quiet, while in the gas tanker segment, two small LPG tankers changed hands as sale & leaseback deals.
Overall, 21 vessels reported to have changed hands this week at a total invested capital in the region of US$ 237,55 mil with bulk carriers and tankers grasping 64% share of the total S&P activity. In terms of the reported number of transactions, the S&P activity is up by 17% from last week’s activity with a 100% rise in tankers’ purchases, while is 40% up from previous year’s weekly S&P activity, when 15 vessels induced buyers’ interest at a total invested capital of about $258,55 mil, 4 bulk carriers, 6 tankers, 1 gas tankers, 2 liners and 2 containers. In terms of invested capital, the bulk carrier segment attracted about 42% of the total amount invested in the secondhand market with 7 total purchases at about $111,35mil and tankers 28% with 6 total purchases at about $65milion" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
Tuesday, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...
Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended 0700 hours 14 January 2013, Newca ...
Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...
Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...
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- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- The University of Queensland
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
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