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Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to get the best deals possible to cater to their needs, as attractive pricing makes for faster return on investment, even at today's low freight rates. Another popular option, except second hand ships, are resales done from shipyards, who have been keen to offload cancelled projects.
According to the latest report from Clarkson Hellas, five new Yangzijiang kamsarmaxes (82,000 dwt 2012/2013 blt China) were reported sold enbloc to Nishinat a price of US$ 23m each. "Tsuneishi Fukuyama has sold its Kamsarmax newbuilding Hull 1487 (82,100 dwt Jan 2013 blt Tsuneishi) to Greek buyers at US$ 27m. Further on, the Hull SO56 (81,993 dwt 2013 blt Hyundai Vinashin) reported sold to Greek buyers for US$ 23m. The vessel was originally contracted by clients of Hyundai Investment Corp and is due to delivery around April 2013.
Another pair of Kamsarmaxes understand are committed to Greek buyers. The Guangzhou Longxue Hull L0026 and sister Hull L0047 (82,000 dwt 2012 blt China) reported sold at US$ 22.5m. Sinopacific Shipbuilding have continued their sales run with the conclusion of another “CROWN 58” from their Dayang facility. Hull DY147 has now been sold to Greek buyers for $20.2m basis delivery January 2013. This follows on from the yard’s recent sales of three other “CROWN 58” ships for slightly higher levels of around US$ 21m to Chinese buyers, as well as two “CROWN 63” Ultramaxes (Hull DY4023 / Hull DY4021) for US$ 24.5m each to a German and a Greek buyer. Another resale to report this week is that of Hull H4066 (35,000 dwt 12/2012 blt SPP) from clients of Roxana Shipping S.A. to clients of Empremar, Chile for US$ 25.35m. This price looks very firm when compared to the recent sales of “NORD ANTWERP”, “NORD AARHUS” and “NORD DUBAI” (33,221 dwt 2011/12 blt Hyundai Mipo) for US$ 61.5m enbloc. We understand this high price could be to do with the fact that clients of Empremar specifically wanted to purchase a sister unit to “SPL TARAPACA” (which they bought in 2011) that could also give delivery within 2012. Additionally some suggested that long term subjects exist" the shipbroker said.
Clarkson Hellas added that "the post-panamax beam, coal trader M/V PEGASUS ISLAND (77,830 dwt 2002 blt Mitsui) has been concluded to undisclosed buyers at US$ 12.2m. Market rumours suggest either Greeks or Indonesians are behind this purchase but still unclear. Offers were invited last week on M/V IKAN BAYAN (75,777 dwt 2005 blt Sanoyas) after as many as 15 buyers had requested to inspect her in La Coruna earlier this month. We understand the Japanese owners received only a limited number of offers and have now committed the vessel to undisclosed Greek interests for around US$ 15.4m.
As the tanker market enters what should be the pre‐Christmas lull there is an unusual yet reassuringly high level of activity for this time of year. Vessels across the spectrum are being heavily inspected and prices in some segments are actually firming giving optimism for 2013 following a very subdued 2012. It should be noted that we are talking in purely sale and purchase terms here as we all recognise that there are challenging times still ahead particularly on the chartering markets. However the fact that some of these values are improving will hopefully give a little respite to some of the day to day pressures that Owners have been facing over the last couple of years. Several rumours exist in the market on the sale of the LR2 M/T CHAMPION PRIDE (99,997 dwt 1998 blt Samsung) in respect of the final price and the buyers’ id. Hopefully till our next report both will be clear and shall report accordingly" Clarkson Hellas concluded.
In a separate report, shipbroker Golden Destiny said that "the S&P activity in the bulk carrier segment keeps its firm volume of business with panamax and handymax vessels being on the focus of investors this week with a notable resale reported in the supramax segment. In the tanker segment, an interesting deal reported in the panamax size as a bank driven sale, M/V “NORDIC ANNE” 73,723dwt built 2009 China at a price in the region of $25 mil with four S&P transactions for small tanker tanker vessels of less than 10,000dwt. In the container segment, the buying interest of investors holds very quiet, while in the gas tanker segment, two small LPG tankers changed hands as sale & leaseback deals.
Overall, 21 vessels reported to have changed hands this week at a total invested capital in the region of US$ 237,55 mil with bulk carriers and tankers grasping 64% share of the total S&P activity. In terms of the reported number of transactions, the S&P activity is up by 17% from last week’s activity with a 100% rise in tankers’ purchases, while is 40% up from previous year’s weekly S&P activity, when 15 vessels induced buyers’ interest at a total invested capital of about $258,55 mil, 4 bulk carriers, 6 tankers, 1 gas tankers, 2 liners and 2 containers. In terms of invested capital, the bulk carrier segment attracted about 42% of the total amount invested in the secondhand market with 7 total purchases at about $111,35mil and tankers 28% with 6 total purchases at about $65milion" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
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- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- The University of Queensland
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- PTC India Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
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