We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking advantage of the investment opportunities which arise, in order to secure some good deals, even though they know they will have to wait before their newly acquired vessels bring their money back, due to currently unfavorable freight rates. According to the latest weekly report from shipbroker Clarkson Hellas, "it has been an extremely busy week in the dry sale and purchase market with a number of notable sales to report. We understand that HHI have now sold 7 x 84,000 dwt “kamsarmax” (note 235m LOA) resales originally contracted by clients of TMT. The first group of 4 ships (Hulls S543, S544, S545, S546 ‐completed November 2011 to January 2012) have reportedly been sold to a Greek interest for a price in the region of $24m each. Whilst the second group of 3 ships (Hulls S547, S548, S549 ‐ completed July 2012 to November 2012) have been sold to far eastern buyer for $25m each. The higher price for the second group reflects the inclusion of bow/stern thrusters on the ships and the fact that they are of more recent construction.
In the Capesize segment the newly delivered M/V SPICE (176,000 dwt 2012 blt Jinhai) is reported to have been purchased by Chinese buyers for US$ 33.5m. In the supramax sector the Japanese controlled M/V MIMOSA (53,556 dwt 2007 blt Iwagi) has been committed to clients of Thoresen Thai for US$ 17.1m while the M/V NANOS (50,236 dwt 2002 blt Mitsui) is sold to clients of Gurita Lines, Jakarta for US$ 14m with a prompt charterfree delivery. On handies, the Japanese controlled M/V ETERNAL CONFIDENCE (29,905 dwt 2002 blt Shikoku) has been sold to Turkish buyers for US$ 10.7m basis a charterfree delivery in China within December 2012.
In the Tanker S+P market; BW Maritime have offloaded 2 Japanese built units. Understand “BW UBUD” (299,990 dwt 2000 blt IHI) and “URAL” (299,990 dwt 2000 blt IHI) have been sold to Greek buyers at the reported purchase price of US$ 29.1 m each" said Clarkson Hellas.
In a similar report, Lion Shipbrokers noted on the dry bulk market, that "Japanese controlled GREAT PHEASANT (178K BLT 2000 HYUNDAI/S.KOREA) is reported sold to undisclosed interests for $17.5 mill. Following last week’s purchase of RUBIN ACE (151K BLT 1996 NKK/JAPAN), clients of N.G. Moundreas of Greece are also linked with acquisitions of two off-market capes; AQUABELLA (161K BLT 1995 HYUNDAI/S. KOREA) for the price of $10.5 mill & two years younger MATILDE (160K BLT 1997 HYUNDAI/S. KOREA) for the price of $12 mill. Mid-week, we picked up that modern panamax SANTA TERESA (77K BLT 2006 OSHIMA/JAPAN) is committed to Greek interests for $17 mill while older unit BRAVE STAR (73K BLT 2000 THUNEISHI/JAPAN) has gone to clients of GS Holdings of South Korea for $10.8 mill. Japanese controlled supramax MIMOSA (53K BLT 2007 IWAGI/JAPAN) is finally snapped by clients of Thoresen Thai of Thailand for $16.7- $17 mill. Smaller unit FLORAL LAKE (50K BLT 2003 MITSUI/JAPAN) is committed to Greek interests (hearing clients of Hellenic Carriers) in excess of $14 mill while one year older NANOS (50K BLT 2002 MITSUI/JAPAN) went for the same price to Far-Eastern buyers (hearing clients of PCL of Singapore).
Turkish buyers are behind the purchase of handy ETERNAL CONFIDENCE (29K BLT 2002 SHIKOKU/JAPAN) for $10.5 mill, in line with September’s sale of logger PEONY (29K BLT 2001 SHIKOKU/JAPAN) for $10.1 mill to clients of Nachipa of Chile. In an off market sale ex-Japan market, nineties vintage logger ACE BRIDGE (28K BLT 1999 IMABARI/JAPAN) is sold to Greek buyers (hearing to clients of Transbulk of Greece) for $8.5 mill", the shipbroker's report said.
In the tanker market, "clients of Libra Shipping of Greece have confirmed purchases of three vintage VLCCs: They acquired en bloc sisters BW UBUD & URAL (299K BLT 2000 IHI/JAPAN) for a firm $28-$29 mill each in addition to older unit TI GUARDIAN (290K BLT 1993 MITSUBISHI/JAPAN) for $22 mill. Following last week’s acquisition of HELLESPONT TRIUMPH (157K BLT 1997 DAEWOO/S. KOREA) for $15 mil, we picked up that clients of Dynacom of Greece have also purchased aframax HELLESPONT TRADER (148K BLT 1996 MITSUI/JAPAN) for $11.5 mill. Methanol suitable MR ADA (45K BLT 1997 DALIAN/CHINA) is reported sold for the very firm level in excess of $15 mill basis ss/dd surveys freshly passed to Far-Eastern buyers (remind you she was bought as the SELENDANG PERMATA from IMC of Singapore back in January for $7.5 mill). Japanese controlled Stainless steel unit EASTERN EUREKA (8K BLT 1999 SHIN KURUSHIMA/JAPAN) was bought by Indonesian interests for $6 mill. Bunker tanker TENA (5.5K BLT 2000 CELIKTEKNE/TURKEY) was committed to Russian buyers for the price of $6.5 mill.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
|
|
|
Showing 4516 to 4520 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Minerals Council of Australia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
