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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-$320 for containers".
Similarly, Golden Destiny mentioned that "scrap prices have been in a downward incline in the Indian subcontinent region at the end of the last quarter of 2012 with China offering competitive price levels and grasping significant business. The number of vessels heading to the scrap yards is keeping high pace that seems that will be followed during the first quarter of 2013 as freight markets still float in troubled waters for ship operators for the “New Year”.
In the demolition market the week ended with 20 vessels reported to have been headed to the scrap yards of total deadweight 849,671 tons. In terms of the reported number of transactions, the demolition activity has decreased by 13% since our last issue report of 21st December 2012. The activity was spread in major demolition countries, while for 25% of the deals the final destination hasn’t been revealed. At a similar period last year 2012, 12 vessels were reported sold for demolition of a total deadweight of 383,030 tons with 3 vessel disposals in the bulk carrier segment, 3 in the tanker, 4 in the liner and 2 in the Ro-Ro" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 10 January 13
DRY BULK PANAMAX MARKET HEAVILY OVERSUPPLIED, UNLIKELY TO FIND SUPPORT IN 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite positive indication for a significant surge of dry bulk demand this year, the oversupply problems of the market, will continue to weigh heav ...
Tuesday, 08 January 13
NEWCASTLE PORT SHIPPED 3.197 MILLION MT OF COAL W/E 7 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,197,580 MT of thermal and coking coal for week ended 0700 hours 7 January 2013, Newcas ...
Sunday, 06 January 13
CFR SOUTH CHINA COAL: 2014 DELIVERY CLOSED US$ 6.80 HIGHER THAN Q1 '13 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.37 percent WoW and CFR South China coal sh ...
Sunday, 06 January 13
COAL BOOM: WAKE-UP CALL FOR INDIA & INDONESIA! - SUNIL K KUMBHAT
COALspot.com - Coal Boom : Scenario, Now & later!
Coal has been the dominant fuel for power generating plants in developed countries since th ...
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 ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Minerals Council of Australia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
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