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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-$320 for containers".
Similarly, Golden Destiny mentioned that "scrap prices have been in a downward incline in the Indian subcontinent region at the end of the last quarter of 2012 with China offering competitive price levels and grasping significant business. The number of vessels heading to the scrap yards is keeping high pace that seems that will be followed during the first quarter of 2013 as freight markets still float in troubled waters for ship operators for the “New Year”.
In the demolition market the week ended with 20 vessels reported to have been headed to the scrap yards of total deadweight 849,671 tons. In terms of the reported number of transactions, the demolition activity has decreased by 13% since our last issue report of 21st December 2012. The activity was spread in major demolition countries, while for 25% of the deals the final destination hasn’t been revealed. At a similar period last year 2012, 12 vessels were reported sold for demolition of a total deadweight of 383,030 tons with 3 vessel disposals in the bulk carrier segment, 3 in the tanker, 4 in the liner and 2 in the Ro-Ro" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 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
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 ...
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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- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- PTC India Limited - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
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