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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
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Friday, 16 November 12
HANDY : IRON ORE WAS QUIET AND RATES FROM INDIA TO CHINA AROUND USD 5500
Handy
The Atlantic was weak with more supply of ships. Rates from Continent/ Feast at USD 9000 and from USG/China at USD 15k. The Pacific market re ...
Wednesday, 14 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 11.14 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,100,686 MT of thermal and coking coal for week ended – 0700 hours 12 November 2012, Ne ...
Tuesday, 13 November 12
INITIAL COAL PRODUCTION AT KATINGAN RIA ON TRACK FOR 2013 FOLLOWING GRANTING OF 'IN PRINCIPLE' FORESTRY PERMIT, INDONESIA
Realm Resources Ltd (“Realm” or the “Company” - ASX: RRP) has announced that its application to upgrade its exploration fore ...
Tuesday, 13 November 12
BULK PORTS & TECHNOLOGY ASIA 2013
Press Release - TOC Events are pleased to announce a new addition to our global portfolio with the launch of the inaugural Bulk Ports & Technolo ...
Monday, 12 November 12
THE ESTABLISHMENT OF NORTH KALIMANTAN AS A NEW PROVINCE WILL NOT AFFECT THE LOCAL MINING COMPANIES
The government of Indonesia has ensured that the establishment of North Kalimantan as a new province will not affect the local mining companies ...
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- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Economic Council, Georgia
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
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