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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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Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
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- Indian Oil Corporation Limited
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Australian Coal Association
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
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