We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 16 November 12
SHIP OWNERS KEEP ON INVESTING IN SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Priced attractively, modern and with prompt delivery dates, second hand vessels are proving to be rather popular among cash-rich ship owners these days, as is proven by the latest weekly reports from shipbrokers. According to the latest report from Clarkson Hellas, it was yet another busy week in the dry cargo second hand vessel market across all sectors, which according to the shipbroker are a buy in for many owners, which is also leading to increased competition on the ships being marketed for sale.
"In the Capesize market this week, the Japanese controlled M/V GREAT PHEASANT (178,820 dwt 2000 blt Hyundai) is reported to have been sold to Greek interests at levels in the mid 17’s. Moreover, undisclosed buyers are reported to have purchased the M/V AQUABELLA (161,010 dwt 1995 blt Hyundai) for a level in excess of US$ 11m with DD freshly passed.
In the panamaxes, the geared panamax M/V PACIFIC PIONEER (69,279 dwt 1994 blt Hashihama) has been sold to Chinese interests for US$ 7.2m. Undisclosed Greek buyers have acquired the handymax M/V CB ADVENTURE (46,232 dwt 2002 blt Oshima) for a firm level in the mid 13’s. The handies has also seen a significant amount of activity this week. Clients of Norden have three modern handysize bulkers, namely the M/V NORD AARHUS, M/V NORD ANTWERP and M/V NORD DUBAI (all about 33,230 dwt 2012, 2011 and 2011 blt respectively in Hyundai Mipo) for an enbloc price of US$ 60m to clients of Dalex, Greece. Elsewhere in the handies, the M/V SPEAR FLOWER (29,738 dwt 2003 blt Shikoku) has been sold for US$ 11.2m to clients of Pacific Basin while the older M/V ACE BRIDGE (28,419 dwt 1999 blt Imabari) has been sold to Greeks for US$8.5m.
In the Tanker S+P market, following a lengthy sales process the new building resale LR2 M/T WHITE STARS (114,700 dwt 2012 blt Samsung) she may have finally been committed to Greek Buyers. It is interesting to note that in the early stages of the process the ship struggled to receive indications in excess of US$ 40m and yet we now understand that a sale may have been agreed in excess of US$ 42m. The M/T PACIFIC HARMONY (69,999 dwt 1999 blt Namura) reported sold to Bumi Armada for a price in excess of US$ 10m.
In the MR tankers, the Morfini-owned product carriers, M/T FANTASIA and her sister M/T ELECTA (51,433 / 51,118 dwt 2009 blt SLS) are committed to Mexican interests at US$ 28.5m each on subjects. The LPG carrier “BRITISH CONFIDENCE” (54,490 dwt 2006 blt Mitsubishi) has been concluded at US$ 55m to undisclosed buyers" Clarkson Hellas concluded.
In a separate report, Lion Shipbrokers said that on the dry bulk market, "ore carrier AMY N (322K BLT 1997 DAEWOO/S. KOREA) was reported sold to the usual suspects, clients of Sinokor of South Korea for the price of $25 mill while capesize resale SPICE (176K BLT 2012 JINHAE/CHINA) was committed to clients of Rizhao Steel of China for $33.5 mill. Greek buyers have paid a firm $95.2 mill for the en-bloc acquisition of four modern TMT’s resales ex-Hyundai shipyard namely C MAX, D MAX, E MAX, F MAX (4 X 84K BLT 2011 HYUNDAI/S. KOREA) while remaining three units H MAX, K MAX, J MAX (3 X 84K BLT 2012 HYUNDAI/S. KOREA) were snapped by South Korean interests for $75 mill en bloc. In an off market deal, Mitsubishi’s panamax PERLA BULKER (76K BLT 2007 TSUNEISHI/JAPAN) went to undisclosed interests for $17.8 mill. Having being circulated in the market for a long time, geared & grab fitted panamax PACIFIC PIONEER (69K BLT 1994 HASHIHAMA/JAPAN CR 4X25T 10CBM GRABS) has finally found Chinese buyers who agreed to pay $7.2 mill for her.
We picked up that Enesel’s supramax THALASSINI AXIA (58K BLT 2010 SPP/S. KOREA CR 4X36T) is committed in excess of $21 mill to Greek buyers (hearing clients of JME Navigation), meantime may we remind you that her two sisters THALASSINI KYRA & THALASSINI NIKI (58K BLT 2010 SPP/S. KOREA CR 4X36T) were sold back in August in excess $22 mill each also to Greeks. Japanese controlled handymax CB ADVENTURE (46K BLT 2002 OSHIMA/JAPAN CR 4X30T) is rumoured sold for $13-$13.5 mill to Greek buyers (hearing clients of Ikarus). Chinese buyers continue their shopping spree for scrap related tonnage; mid-eighties handymax ATLANTIC MIGHT (42K BLT 1985 MITSHUBISHI/JAPAN CR 4X25T LDT 8275) went for $3.4 mill which translates to about $410 per Lt. Three modern handy resales NORD ANTWERP & NORD DUBAI (33K BLT 2011 HYUNDAI/S. KOREA CR 4X30T) & NORD AARHUS (33K BLT 2012 HYUNDAI/S. KOREA CR 4X30T) are reported sold en bloc for $60-$61.5 mill levels to clients of Dalex of Greece (about $20-$20.5 mill per ship).
Clients of Pacific Basin are said to be behind the sale of Japanese controlled handy logger SPEAR FLOWER (29.7K BLT 2003/JPN 5HO/5HA CR 4X30T 2XGENERATORS) for $11.5 mill.
Containers: APL of Singapore have disposed two panamax units this week; APL IRELAND (67K BLT 2003/JPN 5928 TEUS) went for $25 mill to undisclosed buyers while older APL GARNET (66K BLT 1995/S.KOREA 4729 TEUS) went to clients of Diana of Greece for $30 mill including 34 months time charter back to Sellers at an undisclosed rate. Clients of Mandarin Shipping of Hong Kong have bought en bloc geared sisters KOTA MEWAH & KOTAH MEGAH (2 X 28K BLT 1997/S. KOREA 2105 TEUS CR 4X40T) for $5.8-$6 mill each while their other sister KOTA MESRA (28K BLT 1997/S. KOREA 2105 TEUS CR 4X40T) went to clients of Tribini Capital of Hong Kong for $6.2 mill" Lion concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
|
|
|
Showing 4491 to 4495 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Australian Coal Association
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
|
| |
| |
|
