04 May 2013
Daninan Marine’s taken incharge to dry docking and repair Dwt 800 river barge tanker at Nava Progress Co Ltd, Thailand. The scope of job included pump and engine overhaul, cargo tank coating, hull sandbrusting, painting and etc. The vessel is expected to be undock on 18 May 2013.
If you have any enquiry of our ship repair and docking services, please contact to
Daninan Marine Services Ltd
06 April 2013
India
It has been quite a week for the cashbuying industry for vessels coming towards India. We have seen bulkers with some bunkers and specials (spare propeller, non-ferrous) onboard obtain levels in excess of USD 440, at the same time some sales for standard bulkers have been recorded at USD 415 levels. There is no firm price indication with huge gaps between what breakers are willing to pay for such vessels.
Some cashbuyers seem to be on a mission to secure tonnage at extra ordinary levels, showing signs of a bubble being formed. Fact is, no shipbreaker has purchased any one of the ships yet that are securing such aggressive levels. If the shipbreakers don’t improve their prices over the next couple of weeks we may see a mighty fall in all these levels.
On the other hand cashbuyers are very bullish about the market with view of the beaching trend in the last few months. Months of Feb-Mar have beached only 48 vessels in total, with not many hitting the shore in India for the month of April either. This may suggest a demand for ships in Late April/May, but we also need to compute for is the amount of tonnage already on the breaking plots accumulated over the last one year.
It is a tug-of-war out there between the owners and the breakers with cashbuyers being stretched in the middle. There is no telling where the prices may head in the future, but last week actions show no signs of it being a stable market out there.
We should all keep our wits about ourselves and enjoy the ride.
We would like to further educate our readers that ship-breaking industry for East Coast India (Kolkatta) is still open and operating successfully. There is limit to the type and size of vessels allowed for breaking in the region. Feel free to contact us for further details on prices and restriction for this region.
Pakistan
Though there is continuous high uncertainty of the government and ruling party, Pakistan ship breaking is still quietly performing its business and not allowing the political governance to affect its business activities. Breakers here are also competing fairly with the Indian and Bangladeshi markets on bulkers and more over on tankers. Tanker currently can achieve USD 435 levels and are still dominant in the region.
Bangladesh
Bangladesh too has seen substantial activity this week, with lot of breakers coming back to business seemingly with financial abilities to perform. Yet average time of delivery is still much more than that of India, with a very uncertain environment.
There are still quite a few vessels which have been waiting for a long period of time. New penalty laws by local custom authorities regarding vessels that are coming for discharge and then demolition are unclear and cause of lot of confusion within owners. Though sustaining good volume of business it is always important to remember the unpredictable and bureaucratic nature of the ship recycling industry in Chittagong.
Turkey
No change in prices since last week. Turkey seems to be maintaining a healthy and stable market with breakers having enough choice of tonnage from the med as well as the black sea.Turkish owners are negotiating ships for delivery Alang / Bangladesh as their ships are positioned in Indian Ocean. Hence able to take advantage of higher subcontinent markets.
China
What a roller-coaster it has been for china from the beginning of this year. They seem to be going through the same cycles of peaks and troughs the subcontinent is popular for. The Chinese markets have gone extremely soft with almost all outstanding offers on ships being withdrawn.
The main reason being the fall in the local steel market. The Chinese have been on holiday most of the week and we should have a much better Idea of where the breakers stand coming Monday.
We can only hope the Chinese market doesn’t slide any further down. China and the subcontinent share a healthy volume of tonnages, but any further price fall in China will cause the ship owners to move towards the Indian subcontinent creating a whole new whirlpool of variables and price speculations for the cashbuyers and breakers alike.
MARKET INDICATION
INDIA
BULKERS – 420 USD / L.T
CONTAINERS – 445 USD / L.T
TANKERS – 430 USD / L.T (CLEAN)
BANGLADESH
BULKERS – 410 USD / L.T
CONTAINERS – 420 USD / L.T
TANKERS – 420 USD / L.T
PAKISTAN
BULKERS – 410 USD / L.T
TANKERS – 430 USD / L.T
CHINA
BULKERS – 350 USD / L.T
CONTAINERS – 350 USD / L.T
TANKERS – 360 USD / L.T
As of 15 March 2013, we have sold Dwt abt 2000, Japan 1994 built CPP tanker to our client Yar Zar Min Industry Co Ltd, Myanmar.
The Buyer and the Seller, Asahi Kaiun Yugen Kaisha, Japan were signed the agreement on 15th March 2013.
The seatrail was successful conducted and the vessel was successful delivery to the Buyer at Kurinoura dockyard , Yahataham , Ehime , (Shikoku Island) on 30th April, 2013.
For more information, please feel free contact to us.
Daninan Marine Services Ltd.
As of 20 March 2013, we have sold m/t Rakpasak 7, dwt 800 self propeller river barge to the Buyer, Yar Zar Min Industry Co Ltd, Myanmar.
The Buyer and the Seller, Rakpasak Co Ltd, Thailand were signed the agreement on 20th March 2013.
The vessel to be delivery at Paknam anchorage on 01 April, 2013.
For more information, please feel free contact to us.
Daninan Marine Services Ltd
As of 16th March 2013, we have sold out dwt 2100 double hull, Japan tanker to Transocean Supply (1992) Co Ltd, Thailand. The Buyer and the Seller, Daekyung Oil Tank Co Ltd was signed the MoA on 06th March 2013, and the seller securely received the deposist from the Buyer.
The tanker to be delivery to the Buyer at Busan, South Korea not later than 30th April, 2013.
For more infomration, please contact to;
Daninan Marine Services Ltd
14 March 2013
We have sold Dwt 1841 CPP Tanker to Singapore buyer, Success Blossom Co Ltd. The Buyer and Seller were sign agreement on 11 March 2013.
The vessel consdiered to be delivery at Inner anchorage of Bangkok on 20 March 2013.
For more information, please contact to
Daninan Marine Services Ltd.
01 March 2013
Daninan Marine required Dwt 1000 – 3000 CPP Tanker fleet to charter. For more infomration, please contact to admin.
Daninan Marine Services Ltd.
As of 20th Feb 2013, we have sold small coaster size LPG Carrier ( 1606 Cbm ) to Khunnavy Co Ltd, Thailand. The Buyer and Seller, HaeSeoung Shipping Co., Ltd South Korea, were make the agreement on 20 Feb 2013 and Buyer has logged the deposit 20% to Seller account securely.
The vessel will be delivery on 15 March 2013 at Jinhae anchorage, South Korea.
Daninan Marine Services Ltd
As of 15 Feb 2013, we have sold out m/t Nichiyasu Maru ( double hull Oil/Chemical tanker IMO 2/3, Dwt 1068, Japan 1992 Built ) to Russia Buyer, Private Limited Company “Supplier” (OOO “Snabzhenets”).
The Buyer and the Seller, Iwasaki Kisen Co., Ltd were signed the MoA on 15 Feb 2013 and deposit 20% was successful logged. The vessel will be delivery to the Buyer in May and delivery port consider to be in Japan.
More information, please contact to
Daninan Marine Services Ltd
09 Feb 2013 is last day of the Year of Dragon and Sunday, 10 Feb 2013 will be 1st day of the Year of Snake 2013 in Asian countries including Korea and China.
Wish the Year of Snake 2013 will be prosperous year in Our Shipping Indursty!
Happy New year!
Daninan Marine Services Ltd
Indonesia Chamber of Commerce & Industry (Kadin) to import 2,500 short sea service ships from China starting this year.
Natsir Mansyur, Vice Chairman of Kadin’s Trade, Distribution and Logistics division informed Xinhua, the officeal China News Agency, that Kadin has signed the agreement with China and a total of 2,500 coastal and short sea ships worth US$5-billion will be delivered gradually within 5 years starting 2013.
The massive order for ships is aimed to improve the logistics and distribution performance amongst ports scattered throughout the Indonesian archipelago,
Transporting goods in Indonesia, the world’s largest archipelago with 17,000 islands, is very costly due to poor logistics and bad infrastructure. A report released by World Bank showed Indonesia’s position in the 2012 Logistics Performance Index at 2.94 on a scale of 5, ranking it 59th, to lag behind its regional peers, the Philippines and Vietnam.
Source: Xinhua
01 Feb 2013
As of 01 Feb 2013, we have sold out m/t Sri Pakphanag, Thailand owned DWT 988 Tanker ship to Malaysia Buyer TJL Marine Sdn Bhd. The Buyer and Seller was signed the MoA on 01 Feb 2013. The vessel shall delivery at Bangkok in last week February, 2013.
Daninan Marine Services Ltd
Miclyn Express Offshore’s Thai J/V has taken delivery of the PSV ‘UM Supporter’ from Poet Shipbuilding & Engineering.
The vessel immediately entered into a 3 year firm contract, plus two 1 year extension options, to provide coil tubing support services to a major oil and gas company’s activities in the Gulf of Thailand. This new contract is a continuation of a long standing relationship with between the two companies in this region.
The fully SPS 2008-compliant vessel has total accommodation for 50 people and 500m2 of clear deck area space. Combined with a service speed of 12kts with twin 1946kW main engines, it is also fitted with two 9 tonne bow thrusters and a telescopic boom crane. Capacity for dry bulk and bulk liquids (muds, brine, drill water, fuel, etc) with a dedicated integral tank of 150m3 for cement is also available.
Established in 1999, Uniwise Offshore, a Joint Venture of the Unithai Group, a major Thai offshore, shipyard and logistics group, and Miclyn Express Offshore (MEO), an Australian listed Singapore based leading provider of offshore service vessels covering South-East Asia, Australia and the Middle East, has grown to become Thailand’s leading indigenous offshore support vessel (OSV) company.
Uniwise Offshore owns and operates the largest crew boat fleet in the Gulf of Thailand, supporting the Kingdom’s offshore oil and gas activities with transportation of crew changes and inter-field small sized cargo.
Refer: http://www.marinelink.com/news/thailand-charter-fixed350456.aspx
Daninan Marine Services Ltd
02 Jan 2013
We have engaged Bigsea Co Ltd, Thailand ship owner to make new building at South Korea Shipyard, Ninbo. The agreement was signed on 27 Dec 2012 at Bigsea Co Ltd office, Bangkok. Owner of Bigsea was ordered 2 units of 2300 Cbm CPP tanker for Thai domestic use.
Daninan Marine Services Ltd.
27 Dec 2012
South Korea Shipyard, Samho I&D has signed exclusive right for new building project from Thailand Buyer with Daninan Marine Services Ltd at Montien River Side Hotel, Bangkok on 27 Dec 2012. Both parties were discussed about ship new buildng, safety rule and regulation, oil major company requirement, environment, and potential project.
For more information, plase contact to Daninan Marine Services Ltd.
Email: daninan@daninanmarine.com
Daninan Marine Services Ltd
As of 21 Dec 2012, we have sold m/v Bangpakaew Thai owned ship to Bangladesh scrap yard. The vessel given ETA to Chittagong early January.
Her LDT was 2,273.80MT equivalent to 2,237.99 LT
Price per LT is 330$
The formula to convert Metric Tons (MT) to Long Tons (LT) is MT divide by 1.016.
For demolition, LT is used for the purchase price.
Daninan Marine Services Ltd
20 Dec 2012
On behalf of the Daninan Marine Services Ltd,
We wish you and your colleagues
a Merry Christmas and a Happy New Year 2013!
Eddie Moe / Phichai / Ko Htwe / Pooranee / Kamon / Suwimol
Daninan Marine Services Ltd
As of 20 Dec 2012, we have sold out small LPG ship m/t Platinum 1 to Buyer from Indonesia. The Buyer, Kalla Group, Indonesia and the Seller Platinum Marine Group Co Ltd were signed MoA on 01 Nov 2012.
Although the Buyer has delay delivery, we have successfuly delivery her to Buyer today, 21 March 2013 at bangkok, Thailand.
Thanks for every one who partispated in this project to success.
For more information, pelase contact us. 
Daninan Marine Services Ltd
we have completely sold and delivered Panama Register Ship MV “GROW”, DWT 6294 General Cargo Ship to Indonesia Buyer, PT Pelayaran Alfalah.
The Seller ( Ever success Shipping Ltd, Hong Kong ) and the Buyer were signed Agreement on 09th March 2012. The vessel has delivered at Zhounshan Port, China on 21st April, 2012.
We thank to everyone who supporting in this transaction especially to Mr. Huang and Capt. Aye Htut.
Daninan Marine Services Ltd
24th April 2012
29th March 2012
We have sold Thai Register Motor Tanker “Borvorntanasin”, DWT 1802 to Singapore Buyer, Centaurea International Pte Ltd.
The Seller ( Transocean Supply (1992) Co Ltd, Thailand and the Buyer were signed Agreement on 14th March 2012. The vessel will delivery at Bangkok port on 04th April 2012.
We thanks you for any one who supporting in this transaction.
Daninan Marine Services Ltd
29th March 2012
23 March 2012
The Panama-flag 6,813 dwt chemical oil products tanker ‘Royal Grace’ and its 22 crew were hijacked by heavily armed Somali pirates operating from a skiff last Friday.
Military officials and the shipowner confirmed the news to local media on Sunday.
According to international news agencies, the vessel had lost contact with its Dubai-based shipowner and manager- Oyster Cargo & Shipping.
However, on Sunday afternoon, the vessel’s master emailed the owner saying that the vessel was steaming towards Somali coast under the command of the pirates.
Source: Tanker Operator
Daninan Marine Services Ltd
As 0f 17th March 2012, we have completely sold and delivery M/T THARERATANA 2, DWT 505 OilTanker Ship to Buyers, “PT Jaticatur Niaga Trans”, Indonesia at Mahachai port, Thailand.
Both Buyers and Sellers ” AI Logistics Co Ltd, Thailand” were signed the MOA on 02 March, 2012.
We really appreciated who assisting in this transcation especially to Mr. Ting Chee Hong.
Daninan Marine Services Ltd
17th March 2012
The Federation of Thai Industries (FTI) Shipbuilding Industry Club Chairman Wirat Chanasit recently disclosed that Thailand is planning to invest ฿10.0 billion in purchasing 100 cargo ships.
“In the past, most shipowners opted for 25-30 years old vessels at low prices. However, with the increasing importance of safety and environmental-friendliness requirements, buyers are paying more attention to this respects,” Wirat says. Currently Thai owns 190 tankers nationally, but more than 70% of the vessels are over 25 years old.
Ministry of Treasure has been entrusted with the issue. The Export-Import Bank of Thailand announces to provide ฿300 million financing support in five years. Meanwhile, Japan has promised to supply free ship design for the plan.
At the time being, Thailand gains ฿4.0 billion from shipbuilding and ฿2.0 billion from ship repairing business each year, with an average annual export ship value of ฿ 2.8 billion.
However, Warit says Thai shipbuilding industry will make no progress without this plan. Warit appeals to the government to support shipbuilding industry and encourage shipowners to enter the market.
Daninan Marine Services Ltd
01st Feb, 2012
As 0f 01st Feb, 2012 we have completely sold and delivery Ex M/T No. 11 Sun Yang ( new name M/T GPT 21 ) DWT 3254 Oil/Chemical Tanker Ship to Buyers, “Global Unique Petroleum Pte Ltd, Singapore and Gloabal Petroleum Terminal Ltd, Myanmar” at Busan port, South Korea.
Both Buyer and Seller were signed the MOA on 20 Oct, 2011, and close sale on 27 Jan 2011 at DnB Nor Bank, Singapore.
We really appreciated who assisting in this transcation especially to Mr. Billy Bang from SeoDong Maritime, Ms. Ei Ei from Anarwar Hlwam Co Ltd and Inspectors Mr. Zay Yar Oo and Mr. George Lee Kyaw Kyaw Oo.
Daninan Marine Services Ltd
01st Feb, 2012
As of 22nd Dec 2011, we has bring DWT 2420, KR Class, General Cargo Ship, M/V Woo Jin for Thai Buyer, The Harinsuit Transport Co Ltd.
Buyer and Seller were signed the MOA on 22nd Dec 2011. Vessel will delivery to Thailand on 11 January, 2012 from Korea.
The close sale will be at DnB Nor Bankok, Singapore on 11 January 2012.
Thanks to every one who supporting in this deal.
Daninan Marine Services Ltd
M/T Shafiyah has safely arrived to Pare-pare Port, Indonesia on 12 Oct, 2011 local tme 1300hrs.
We would like to say thanks for all parties who had been so much help on this project.
It is nice to have business with you guys, and hope will have another business in near future.
Daninan Marine Services Ltd
As of 20 Oct 2011, we has completely sold out DWT 6443, TG Class, General Cargo Ship, M/V Coltan for Thai Owner, Everest Marine Line Co Ltd.
Buyer and Seller were signed the MOA on 06th Oct 2011 at Daninan Marine office. Vessel will delivery to Indonesia in last week of Oct, 2011.
Thanks to every one who supporting in this deal.
Daninan Marine Services Ltd
As of 22 July 2011, we has completely sold DWT 1865 MT Chun Bo for Bo Sung Global Co Ltd, Korea. Buyer and Seller were signed the MOA on 22 July 2011, and vessel will delivery to Indonesia in Sept, 2011.
Thanks to every one who is supporting in this deal, and especially thanks to Inspector, Lloyds Surveour Mr. Baidaba.
Daninan Marine Services Ltd
We are looking Thai C/E and 2/E for container fleet.
BROKER Arthur J Gallagher of Singapore today told Fairplay demand for piracy insurance has risen by one-fifth in the past year.
Its deputy managing director and head of marine policies, Audrey Poon, said: “We’re getting more demand for piracy cover from cargo owners whose goods pass through the areas that are targeted by Somali pirates.”
Poon noted that demand comes from customers who do not have comprehensive insurance cover. This is partly because cargo claims can fall under general average, which is an insurance principle that makes several parties in a sea venture responsible for any losses.
Maritime insurance policies can affect piracy coverage, so some customers are upgrading, pointed out Poon, who explained: “Standard marine policies can be divided into Clauses A, B and C.
“Clause A is the most comprehensive and includes piracy. As the piracy situation off Somalia has been worsening, customers who have policies under Clauses B and C are requesting for customised piracy cover.
“We even have enquiries from cargo traders’ banks, which are concerned about the increasing attacks,” Poon said. “Every month, we get reports of two to three vessels being hijacked.”
Poon added that these traders would not consider upgrading their insurance coverage to the Clause A type as not all their cargoes pass through the pirate-infested waters.
