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Tuesday, 08 January 13
HOLIDAY ACTIVITY SCARCE IN THE MARKET OF SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Although the market for second hand vessel purchasing was quite lull during the Holiday period, as is usually the case, the first days of the New Year have proven that ship owners' appetite for second hand carriers, available at attractive prices, hasn't waned at all, quite the opposite. According to the latest weekly report from shipbroker Lion Shipbrokers, "the second hand market remains very active during the first week of the year, with various vessels changing hands, especially panamaxes. Clients of Fredrisksen Group of Norway are reported to have bought en bloc two 82,000 dwt kamsarmax prompt resales ex Xiamen Shipyard (Hulls XSI482A & XSI482B) at the soft price of $22.5 mill each.
We understand that Japanese controlled panamax bulkers CROWN STAR (76K BLT 2002 IMABARI/JAPAN) & KONMAX (72K BLT 2000 IMABARI/JAPAN) are both committed to Greek interests for $12.1-$12.5 mill & $10.1-$10.5 mill respectively. N.J. Goulandris’ nineties vintage panamax KRONOS (73K BLT 1996 SAMSUNG/S. KOREA) has been also acquired by Greek buyers at a price of $7 mill.
Clients of Precious of Thailand have added two more Indian built bulkers to their fleet; GOOD PRIDE (53K BLT 2010 HINDUSTAN/INDIA CR 4X36T) & GOOD PRECEDENT (53K BLT 2011 HINDUSTAN/INDIA CR 4X36T) attracted 13.25 & 14.25 mill respectively.
Tankers: In an off-market deal, clients of Hellenic Tankers of Greece are reported to have purchased en bloc aframax sisters BRITISH HAWTHORN & BRITISH LAUREL (106K BLT 2003/2002 TSUNEISHI/JAPAN) for $30 mill. Japanese controlled pumproom type MR LOTUS EXPRESS (45K BLT 2003/JAPAN IGS/SBT/EPOXY COATED/DOUBLE HULL) is committed to undisclosed interests for 15.5 mill basis ss/dd freshly passed" said the report.
In a separate note, Golden Destiny noted that during the past week "overall, 11 vessels reported to have changed hands this week at a total invested capital in the region of US$ 75.35 mil, while for three deals the price hasn’t been reported. Bulkcarriers, tankers and roro vessels, were the vessel type’s that attracted buying interest and in terms of the reported number of transactions, the S&P activity is down by 71% from our last report that was issued on Friday the 21st of December and up by 37.5% from the similar week of last year when 8 vessels induced buyers’ interest at a total invested capital of about $ 40,5 mil with 3 S&P transactions in the bulk carrier segment, 2 in the tanker, 2 in the liner and 1 Ro-Ro" the shipbroker said.
In terms of demolition activity, Lion said that " 2013 is expected to be one more record year for scrapping and the sentiment is bullish in Subcontinent, China and Turkey alike.
Bangladesh and Pakistan market are paying $390 for bulkers, $415-$420 for tankers & $425-$430 for container vessels. India is firm, currently paying $400-410 for bulkers, $410-$420 for tankers and $440 for containers. China is strong, paying $360-$370 for bulkers, $370-$380 for tankers, $360-$370 for containers. Turkish market is firming as well, paying $300-$310 for bulker, $315-$325 for tankers and $310-$320 for containers".
Similarly, Golden Destiny mentioned that "scrap prices have been in a downward incline in the Indian subcontinent region at the end of the last quarter of 2012 with China offering competitive price levels and grasping significant business. The number of vessels heading to the scrap yards is keeping high pace that seems that will be followed during the first quarter of 2013 as freight markets still float in troubled waters for ship operators for the “New Year”.
In the demolition market the week ended with 20 vessels reported to have been headed to the scrap yards of total deadweight 849,671 tons. In terms of the reported number of transactions, the demolition activity has decreased by 13% since our last issue report of 21st December 2012. The activity was spread in major demolition countries, while for 25% of the deals the final destination hasn’t been revealed. At a similar period last year 2012, 12 vessels were reported sold for demolition of a total deadweight of 383,030 tons with 3 vessel disposals in the bulk carrier segment, 3 in the tanker, 4 in the liner and 2 in the Ro-Ro" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 08 February 13
NORTH P&I CLUB WARNS OF LIQUEFACTION RISK FOR BAUXITE CARGOES
The ‘A’ rated 170 million GT North P&I club has warned shipowners carrying bauxite aluminium ore cargoes that they have the potentia ...
Thursday, 07 February 13
CHINA NDRC APPROVED 10 BILLION YUAN POWER GENERATION PROJECTS
NDRC of China currently announced that some of power grid and power station in Jiangxu, Sichuan and Anhui Province would be newly constructed or ext ...
Thursday, 07 February 13
CAPESIZE : MORE ACTIVE WEEK IN THE PACIFIC - FEARNLEYS AS
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 18k and Black Sea to Feast ...
Thursday, 07 February 13
WEAK STEEL MARKET MEANS IRON ORE RALLY LIKELY TO END SOON - FITCH
The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013 ...
Tuesday, 05 February 13
THE SHIPPING SECTOR IS " NAVIGATING IN STORMY WATERS" - PWC
The vulnerabilities of the global economy have been exposed and have more than played their part in making 2011 one of the worst years of shipping i ...
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- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- MS Steel International - UAE
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Commonwealth Bank - Australia
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