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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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Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
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- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- The University of Queensland
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
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