Monday, November 14, 2011

http://www.somersetcountycc.premiumtv.co.uk/page/News/Newsdetail/0,,11333~25
14646,00.html

Tuesday, October 18, 2011

Rio Tinto Sell Off- What news for carriers

What is the effect on contracts of carriage when Pacific Aluminium overtakes
the international distribution contracts of Rip Tinto.

Rio plans to sell six units in Australia and New Zealand and seven plants
in France, Germany, the United States and the United Kingdom at an
unspecified "appropriate point in the future", the company said in a
statement. The term the assets are "no longer aligned" with company
strategy, must be quite a revelation to the plants themselves.

The Australian and New Zealand assets in question will be transferred to a
new division to be called Pacific Aluminium before being sold.

The Boyne aluminium smelters in Gladstone in central Queensland and the Bell
Bay smelter in northern Tasmania and The Smelter at Bluff are among the
facilities to be offloaded.

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Wednesday, September 21, 2011

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Vivek Rao

VARENCO PTY LTD

Channel Partner ( Australia) for Quantum

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Wednesday, June 15, 2011

A U C K L A N D - (NEW ZEALAND) 23rd - 26th July 2011 : VESSEL OPEN FOR CARGOES

MV ' E G E R N S U N D ' , blt. 1997, IOM Flag,

GRD/MPP/RoRo/removable Tween/strenghtend for heavy cargo

LOA 100,90m, BOA 18,60, Airdraft 32,00m

501 TEU / 289 TEU @ 14 t/TEU.

abt 5.100 mts dwat on abt 6,62 m draft

abt 340.000 Bale

one hatch 70,20m x 15,60 m/Pontoon HC

400 LM / Sternramp/Iceclass E1

2 x 100 mtons cranes on port side / combinable to 200ts

abt 14,5 knots on abt 20tons 180 RME

A U C K L A N D - (NEW ZEALAND) 23rd - 26th July 2011

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Thursday, May 12, 2011

‪FIVE OCEANS ACQUIRES AND RESTRUCTURES 1100 TEU CONTAINER VESSEL‬


Five Oceans, a German shipping and investment boutique, has closed a transaction involving a 1100 TEU container vessel. The MV 'Pacific Hawk', built in 2008 at a leading Chinese shipyard, was bought for USD 20,5 Million for a small select group of investors in cooperation with AHS Funds, Hamburg. The Ship will be owned in a separate account structure managed by Five Oceans and AHS. The vessel is currently chartered out to American President Lines (APL), a subsidiary of Neptune Orient Lines which is a subsidiary of Temasek Holdings, the Singapore State Investment Fund. Jan Hagemann, Managing Partner of Five Oceans: 'This transaction was one of the opportunities where through resourceful restructuring of a distressed situation it was turned into an attractive investment for our investors

.'  Debt financing is being provided by Nord/LB.

 

Five Oceans is a management spin-off of a major German fund manager. Five Oceans current management mandate extends to a fleet of eleven vessels with a total investment volume of about USD 300 Million.

Sent via BlackBerry® from Vodafone

Tuesday, March 22, 2011

Why India Abstained at the UN

QUOTE

1. India has been following with serious concern the developments in Libya,
which have led to loss of numerous lives and injuries to many more. We
deplore the use of force, which is totally unacceptable, and must not be
resorted to. We are very concerned with the welfare of the civilian
population and foreigners in Libya.

2. The UN Secretary-General has appointed a Special Envoy, who has just
visited Libya. We have not had the benefit of his report or even a report
from the Secretariat on his assessment as yet. This would have given us an
objective analysis of the situation on ground. The African Union is also
sending a High Level Panel to Libya to make serious efforts for a peaceful
end to the crisis there. We must stress the importance of political efforts,
including those of the Secretary-General's Special Envoy, to address the
situation.

3. The resolution that the Council has adopted today authorizes far reaching
measures under Chapter VII of the UN Charter with relatively little credible
information on the situation on the ground in Libya. We also do not have
clarity about details of enforcement measures, including who and with what
assets will participate and how these measures will be exactly carried out.
It is, of course, very important that there is full respect for sovereignty,
unity and territorial integrity of Libya.

4. Mr President, the financial measures that are proposed in the resolution
could impact, directly or through indirect routes, ongoing trade and
investment activities of a number of member-states thereby adversely
affecting the economic interests of the Libyan people and others dependent
on these trade and economic ties. Moreover, we had to ensure that the
measures will mitigate and not exacerbate an already difficult situation for
the people of Libya. Clarity in the resolution on any spill-over affects of
these measures would have been very important.

5. Mr President, we have abstained on the resolution in view of the above. I
would like to re-emphasize that India continues to be gravely concerned
about the deteriorating humanitarian situation in Libya and calls on the
Libyan authorities to cease fire, protect the civilian population and
address the legitimate demands of the Libyan people

UNQUOTE

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Saturday, March 12, 2011

Whats happening to german shipping

Conditional agreement has been reached today between John T Essberger and
Schoeller Holdings on the sale of the UCT fleet to John T Essberger. In the
coming weeks both parties will be working together to ensure that all
details of the agreement are completed with minimal impact to the safe and
efficient operation of the ships. It is not intended to change technical
management or crewing of the fleet at this time or in the short-term future.


The commercial operation of the fleet during the transitional period will be
arranged in a professional and efficient manner between the parties while
the vessels are handed over to the new owners. It is the intention of both
the buyers and the sellers that the handover should be seamless and that
commercial operations will not be adversely affected.

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Tuesday, March 1, 2011

<p><a
href="http://www.physorg.com/news/2011-01-hackers-million-tonnes-eu-carbon.h
tml
">Hackers steal 2 million tonnes of EU carbon credits</a></p>

<p>Hackers stole two million tonnes of polluting rights in a five-day raid
this week on the European Union's carbon emissions trading system, an EU
source said on Thursday.</p>

Vivek Rao

VARENCO PTY LTD

www.varenco.com

Mob: +61-437-597-579

Tel: +61-2-9882-6947

Fax: +61-2-8079-6889

ABN 99 127 152 363

19 Willis Road Castle Cove NSW 2069 Australia

Friday, February 4, 2011

Indian Ports Agenda to 2020

The agenda for the decade for the Ports are:

* A new policy on dredging

* Corporatisation of Major Ports

* Create Port capacity of 3200 MT for handling about 2500 MT of cargo

* Develop Two New Major Ports one each on east and west coasts.

* Development of two hub ports on each of the West and the East coasts
- Mumbai (JNPT), Kochi, Chennai and Visakhapatnam

* Establishing 'Indian Ports Global' for overseas investments by
Indian Ports

* Establishing a Port Regulator for all ports for setting, monitoring
and regulating service levels and technical & performance standards

* Full mechanization of cargo handling and movement

* Identification and implementation of projects for rail, road and
inland waterway connectivity to ports

* Implementation of the Port development projects

* Improve Port performance on par with the best in the world.

* Increase Coastal Shipping and facilitate hassle-free multimodal
transport

* Increase India's share in global ship building to 5%.

* Increase India's share of seafarer to 9% of the global strength by
2015

* Increase tonnage both under the Indian flag as well as Indian
control.

* Major Ports to have draft of not less than 14 metres and hub ports
17 metres

* New Land Policy for Major Ports

* New Policy on captive berths

* New Policy on dredging

* Policy on co-operation and competition amongst Indian Ports

* Port Policy Measures

* Promote use of the inland waterways for cargo movement

* Shifting of transshipment of Indian containers from foreign ports to
Indian ports

*

Monday, January 10, 2011

Sale and Purchase Market Report for the Week Ending 07.01.2011

After the end of year holidays the activity in the Sale and Purchase market
has been weak and the demand has been mainly driven by Chinese Buyers
investing in older bulk carriers and Indonesians targeting single hull MR's
backed by longterm charters to Pertamina. In the container sector
interestingly the 2003 Japanese built 'OOCL Xiamen' (2754 TEU) has been
commited for a low Usd 26,6 m to Greek Buyers.

In the newbuilding sector two 1,040 teu containerships have been ordered at
the Dae Sun Shipyard for a total of Usd 39 m with deliveries September and
December 2013.

Demolition prices remain firm and in combination with the falling dry market
it starts to be an interesting alternative for Owners with older tonnage.
The tweendecker 'Szczecin' (7140 LDT) managed to get a price of Usd 500 per
LDT basis delivery India !

Name Type Dwt Blt Price Buyer
-------------------------------------------------------
Five Stars Union Pmax 64,135 82 USD 6.20 M China
Sun Pmax 63,261 83 USD 6.00 M China
Jorita Hndy 36,663 85 USD 8.50 M Middle East
(incl. tc attached until 9/2011 at Usd 15200/d)
El Condor Pasa Hndy 33,200 01 USD 21.80 M Turkey

OOCL Xiamen 2754teu 41,000 03 USD 26.60 M Greece
Eurus Oslo 2097teu 34,380 89 USD 5.70 M Undiscl.(conversion)
Eurus Ottawa 2097teu 34,380 89 USD 5.70 M Undiscl.(conversion)
Merkur Lake 1012teu 12,576 94 USD 7.50 M Asia
FGM Istanbul 269teu 4,050 80 USD 1.00 M Turkey

Superferry II Roro 1,029 74 USD 6.10 M Greece

Grand Sea Vlcc 310,000 08 USD 100.0 M Hong Kong
Sunrise Jewel Vlcc 302,440 92 USD 36.00 M Undiscl.(conversion)
Front Shanghai Vlcc 298,500 06 USD 92.00 M Undisclosed
Formosaproduct Alp Tank 70,314 04 USD 32.00 M Undisclosed
Isola Verde Tank 36,457 94 USD 10.50 M Indonesia
Formosa Four Tank 35,672 91 USD 6.50 M Indonesia
Tjore Eliezer Tank 9,220 07 USD 5.70 M Norway

Noren Twee 6,154 84 USD 1.30 M Syria
Sommen Twee 6,150 83 USD 1.30 M Syria

Demolition
==========
Frotamerica Bulk 9103/LDT 79 USD 162.00/ton 'as is' Rio de Janiero
Horizon 1 Bulk 80 USD 485.00/ton India
Sea Daisy Bulk 11210/LDT 78 USD 495.00/ton India
Tinos Warrior Bulk 28008/LDT 82 USD 480.00/ton China (800t bunkers
ROB)
Mamaluca Bulk 76 - Pakistan
Yong Ping Comb 15986/LDT 81 USD 455.00/ton China(with extra
payment
for 70 pct of 500t bunkers
ROB)
Msc Freedom Cont 80 USD 440.00/ton India
Spring Tiger Reef 7206/LDT 84 USD 462.00/ton India
Caribbean Pearl Tank 3406/LDT 83 USD 300.00/ton Turkey
Sfakia Tank 31340/LDT 86 USD 502.00/ton Bangladesh
Sabine Tank 13699/LDT 88 USD 487.00/ton 'as is' Spore
Subedar Joginder Tank 13369/LDT 84 USD 460.00/ton 'as is' Kakinada
Barsehe Twee 79 USD 315.00/ton Turkey
Szczecin Twee 7140/LDT 87 USD 500.00/ton India
Delphin Twee 4410/LDT 78 USD 485.00/ton India
Ks Cosmos Twee 7823/LDT 78 USD 475.00/ton India
Flora S Twee 6113/LDT 80 USD 468.00/ton India

(All details given in good faith but without guarantee by VOGT MCGUIRE.)