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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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Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
Sunday, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- PTC India Limited - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
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