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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 $65milion" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
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- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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