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Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. According to the latest weekly report from shipbroker Golden Destiny, a total of 25 vessels were reportedly traded, with a total invested capital to be in the region of US$ 521.1 mil, 5 deals reported at an undisclosed sale price. Bulkcarriers and Tankers remain the sectors that hold the lion’s share, while the deals in the tanker sector represent 50% of the total invested capital due to the sale of two product tankers that are being constructed under Jones Act while the deal includes also a profit sharing agreement between the yard and the owner. In terms of the reported number of transactions, the S&P activity is up by 8% from last week’s activity and 38.8% up from previous year’s weekly S&P activity, when 18 vessels induced buyers’ interest at a total invested capital of about $139 million.
In a separate report, Lion Shipbrokers reported that on the dry bulk market, "prompt supramax resale ROSANNA D (58K DELY OCT 2012 EX DAYANG/CHINA CR 4X35T) was sold for $22 mill to undisclosed interests. Clients of Laskaridis of Greece are behind the en-bloc sale of two 58K SUPRAMAX SISTERS (HULL 196 & 197) ex Zhejiang Shipyard in China for $45 mill, both slated for delivery 4th quarter of this year. In a sale organised by London Underwriters, damaged supramax AKIBA (57K BLT 2011 STX/S. KOREA CR 4X35T LDT 10621) was snapped by clients of Asian Marine of Singapore for $7.5 mill basis as-is/where-is Singapore with bottom damage, having being inspected by 30 buyers. Japanese controlled handymax OCEAN BRIDGE (46K BLT 1998 TSUNEISHI/JAPAN CT 4X25T) was acquired by clients of Sicuro of Greece for $9 mill basis ss/dd due January 2013. Greek buyers have also purchased handymax LJUBLJANA (43K BLT 1997 IHI/JAPAN CR 4X30T) for $8.6-$8.7 mill basis special & dry-docking surveys freshly passed. Greek buyers have agreed to pay $8.5 mill for three generator handy logger BERING ID (28K BLT 1997/JAPAN CR 4X30T)" said the shipbroker.
On the container/mpp front, "we had another slow week with just a few sales to report; Geared feeder KOTA MEGAH (28K BLT 1997 DAEWOO/S. KOREA 2105 TEUS CR 4X40T) was committed to Greek buyers for $6.5 mill while Turkish buyers have paid $875,000 for multipurpose unit MAREIKE (7K BLT 1996/GER CR 2X40T, LDT 2889), having currently a Turkey scrap value of about $1 mill. In the Tanker segment, clients of Tanker Pacific of Singapore have committed Japanese controlled aframax BM MIMOSA (105K BLT 2007 SUMITOMO/JAPAN) for $25 mill basis 2 years bbhp. Aframax resale HOPE I (104K DELY JAN 2012 EX SUMITOMO/JAPAN) was purchased by clients of NGM Energy for $36 mill. Five year old MR FREJA SELANDIA (53K BLT 2007 SHIN KURUSHIMA/JAPAN) went to far Eastern buyers for $21.5 mill basis 5 years bbhp, having being inspected by 8 parties (a mix of Greeks and Far Eastern buyers). Japanese controlled stainless steel unit GOLDEN JANE (16.5K BLT 2000/JAPAN) was purchased by Indonesian buyers for $9.1 mill. Zinc coated & stainless steel cargo tanks chemical unit BATTERY PARK (15K BLT 1991 KURINURA/JAPAN LDT 4252) went to Nigerian buyers for $2.9 million" Lion Shipbroker concluded.
Meanwhile, according to Golden Destiny, in the demolition market, “the week ended with just 8 vessels reported to have been headed to the scrap yards of total deadweight 733,279 tons. In terms of the reported number of transactions, the demolition activity is down by 56% from previous week’s business with all sectors and markets presenting lower activity, with India being the most active player. In terms of deadweight scrapped the weekly difference is just 8.9% down this week, because half of the vessels sold were above 100,000dwt.
At a similar week in 2011, demolition activity was 27.7% higher than today’s levels, in terms of the reported number of transactions, when 18 vessels had been reported for scrap of total deadweight 740,966 tons with bulk carriers representing the 83.3% of vessels heading the scrapyards with scrap prices as reported also in our previous report to be at stronger levels with India and Bangladesh offering $495-$500/ldt for dry and $520-$525/ldt for wet cargo” Golden Destiny said.
Lion also noted that in the demolition sector, “this week's subcontinent's market is still bullish, as prices are driven by expectation. Rates are currently ranging between $410-$430 for bulkers, $430-$450 for tankers & $430-$450 for container vessels. China is weak paying $300-$310 while Turkey is bullish paying $310-$330 for bulkers, $330-$340 for containers & tankers.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
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- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
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