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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 $65milion" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
Saturday, 05 January 13
THE SHIPPING MARKET IN 2012 AND LOOKING FORWARD - BIMCO
Global Economy: Things will go up from here
The global economy continues to grow, albeit at a slower pace than previous years. The slower economic ...
Friday, 04 January 13
DRY BULK MARKET LOOKING FOR DIRECTION IN FIRST TRADING DAYS OF THE NEW YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is actively looking for its footing at the start of the New Year, as charters have been scarce, as is usually the case during th ...
Thursday, 03 January 13
INDONESIAN SUB-BITUMINOUS COAL SWAPS CLOSED US$ 6.86 HIGHER FOR 2014 DELIVERY
COALspot.com - Swaps prices were changed positively for thermal coal for loading in the first quarter from Indonesia, according to SGX AsiaClear OTC ...
Thursday, 03 January 13
SUPRMAX FREIGHT RATE FROM RED SEA / INDIA IS AROUND MID TEENS - FEARNLEYS
Fearnleys in its weekly report said that, Indian market was very quiet in respect of export of iron ore. For Indo-India trip Supra rate was hovering ...
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- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Trasteel International SA, Italy
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
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