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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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Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended 0700 hours 31 December 2012, Newc ...
Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...
Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP), has issued an new tender for prompt supply of 280,00 ...
Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...
Monday, 31 December 12
"DISTRESSED", "ECO" AND "FINANCE" ARE THE THREE WORDS WHICH CHARACTERIZED 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2012 was yet another year of speculation, anticipation, pessimism and more speculation in the shipping markets. According to the latest weekly repor ...
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- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
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