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Tuesday, 24 July 12
SHIP OWNERS WAITING FOR SHIP PRICES TO FALL FURTHER BEFORE MOVING IN MORE AGGRESSIVELY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the summer season already well under way and many ship owners getting ready for the autumn, the sale & purchasing activity of second hand vessels seems to have abated during the past few weeks. According to ship brokers, ship owners are actively delaying making investment decisions at this point, as they are looking for ship prices to decline even further. According to a report from Lion Shipbrokers, "as expected this week, we had low level of s+p activity with just a few sales to report, although we noticed numerous purchase enquiries in the market, especially for Japanese built tonnage.
On the dry-bulk side, clients of Sinokor of S. Korea are reported to have acquired a 180k cape resale dely 2013 ex Sundong shipyard in China for $39.5 mill, while we heard rumour that Vinashin supramax hull No: S010 HVS resale has been committed to Indonesian interests for $20.3 mill. We also picked up that Turkish controlled handymax AYSE AKSOY (46K BLT 1995 TSUNEISHI/JAPAN CR 4X25T) has gone to Chinese buyers for the price of $8.6 mill, however she was circulated in the market today for sale. Late 90's vintage singledecker ASIAN FORTUNE (6K BLT 1998 IMABARI/JAPAN CR 2X30T) was snapped by Indonesian buyers for $2.8-3 million" said Lion Shipbroker.
According to Golden Destiny, a total of 14 deals were concluded this week, for 14 vessels in a total investment of 70.95 million euros, with the tanker segment appearing the most active. In its separate weekly report, Clarksons Hellas noted that in the dry bulk carrier segment, "the ore carrier M/V BAOSTEEL EDUCATION (228,527 dwt 2009 blt Namura) is changing hands within Japan at a price of US$ 45m. The buyers are reported to be MOL to whom the vessel was under timecharter until 2029 at US$ 20,000 per day.
In the post panamax sector, clients of Diana Shipping are reported to have committed a resale controlled by Kambara interests from Tsuneishi Zhoushan Shipyard Hull SS-118 (97,988 dwt) for a price in the region of mid US$ 20’s.
In the supramax sector, a resale from Hyundai Vinashin Shipyard the Hull S010 (55,783 dwt 2012 blt Hyundai Vinashin), originally contracted by clients of E.R.Schiffarht, has been sold by the yard to clients of Thailand’s Precious Shipping at a price reported to be as low as US$ 20.5 million. In the older handysize sector, the M/V BRAVE JOHN (39,230 dwt 1983 blt Kanasashi) has been sold by clients of P&P Shipping to Ukrainian buyers for circa US$ 3.7m. Chinese buyers are reported to be behind the purchase of the M/V BARCELONA (27,573 dwt 1984 blt 1984 Mitsui) from clients of Nordstrand Maritime at region US$ 1.9m while the Thai Pacific Maritime controlled M/V SIAM TOPAZ (26,587 dwt 1985 blt Kanasashi) has been sold to Greek interests for region US$ 2.45 million" said Clarksons Hellas.
It also announced that it has been appointed officially by the Korea Deposit Insurance Corporation (“KDIC”) in conjunction with a Korean partner to exclusively manage the sales and related consultancy of 7 modern bulk carriers namely “SEA OF HARVEST” (81,508 dwt, built 2009 Universal), “GRAND CHALLENGER” (82,992 dwt, built 2006 Tsuneishi Zosen), “SEA OF FUTURE” (76,454 dwt, built 2005 Tsuneishi Zosen), “SEA OF GRACIA” (about 76,015 dwt, built 2003 Tsuneishi Zosen), “SEA OF HARMONY” (about 76,379 dwt, built 2001 Tsuneishi Zosen), “SUNNY PRIDE” (about 74,078 dwt built 2000 Imabari) and “ATLANTIC ADVENTURE” (about 55,709 dwt, built 2006 Oshima, C4x30T). At present, we are preparing further information, and discussing the time frame of the sale with the controlling interests, and will be able to revert with further information on how the sale will proceed in the coming week" the company noted.
Meanwhile, in the tanker S+P market, Clarksons Hellas said that "an interesting deal we can report is the sale of four German controlled 1998 built Aframaxes to South Korean interests - namely, M/T CAPE AVILA (105,237 dwt 1998 blt Halla) and sisters M/T CAPE AKROTIRI; M/T CAPE ASPRO and M/T CAPE ANCONA. The sale was committed on a subject inspection basis at region US$ 10.5m per Vessel and delivery will be later this year. The D’ Amico’s older Aframax, M/T SCORPIUS (94,225 dwt 1994 blt Fincantieri) has achieved US$ 13m. The IMO II/III M/T BALLAD (44,999 dwt 1996 blt Halla) reported sold to Nigeria based buyers at US$ 10.25 million" it mentioned.
Lion Shipbrokers added that in the tanker segment, "clients of Sinokor of S. Korea have been particularly busy purchasing en bloc four 1998 South Korean built (Halla) aframaxes for $10.5 mill each. Greek buyers are said to have bought double hull MR unit BALLAD (45K BLT 1996 HALLA/S.KOREA, EPOXY COATED, LDT 9709) for $10.6 mill. Three stainless steel units changed hands this week; Undisclosed buyers committed modern Japanese built unit SIVA ROTTERDAM (19.9K BLT 2012 USUKI/JAPAN) for $30 mill while older unit CHEMSTAR DUKE (19.5K BLT 2000 SHIN KURUSHIMA/JAPAN) went to clients of PT Musin Mas of Indonesia for $12.25-12.65 mill levels. Five year old GOLDEN MERMAID (12.7K BLT 2007 HIGAKI/JAPAN) was sold within Japan for the price of $15.25 million" Lion said.
Finally, on the container/mpp front, clients of Costamare of Greece have bought geared feeder PEMBROKE (2442 TEUS BLT THYSSEN/GERMANY CR 3X40T) for $7 mill while clients of Simatech of U.A.E. have acquired polish built feeder R. PARTNER (20K BLT 1994/POLAND 1354 TEUS CR 3X45T) for $2.7 million.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
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- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
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