Friday, May 23, 2014

Ship Finance Opportunities : Green Recycling and Growth of Recycling in India :: Ship Financing Initiatives based on residual value financing.

 

It’s important that the India move up the recycling chain for environmental responsibility in order to capture value  from a mountain of ships in the container and bulk segment that will need to be recycled and removed from the market in the coming years,.

 

In India helped  by the strengthening of rupee and improving the prospect of steel prices in the secondary market, the multi-billion junk ship market is busy striking deals. At present, around 80 ships are being demolished at Laang’s yards. Industry participants expect that a new  government will ensure a steady improvement in infrastructure, which, in turn, would help steel prices.

The EU Ship Recycling Regulation was published  and  will enter into force on 30 December 2013;. The official text of the Regulation can be found here

Details about the recycling at Along can be found here

http://www.gmbports.org/showpage.aspx?contentid=1528

 

While approval to build more capacity at Alang have been slow   and beset by environmental concerns  The Adani  group has  had a  project proposed involves development of recycling facility adjacent to existing West Port, in Mundra  in a project area covers about 40 hectares of  reclaimed land created by dumping dredge spoils. The project promotes   recycling of approximately 40 ships annually of average Light Displacement Tonnage (LDT) 7582 tonnes. It is estimated that nearly 0.25 million tonne (Mt) per year of scrap metal will be recovered along with 11,000 tonnes per year machinery and 10,000 tonnes per year of miscellaneous items.

 

The container Ship market continues to be in some distress  with a the number of carriers reporting negative results in earnings before interest, taxes, depreciation, and amortization (EBITDA) fell in 2013 when compared with 2012, interest coverage fell to 4.9. That onerous interest burden can be traced to the steady increase in leverage across the industry in the past decade, as carriers have invested in new tonnage  capital expenditure grew to $26 billion.

 

In 2013, carriers damped this course by restraining capital expenditure  to $20 billion. Although the container shipping industry has for decades been subject to a vicious cycle of mismatches in supply and demand, this time the cycle has been different: there has been no sustained period of recovery—no seller’s market—in which the carriers could rebuild their finances. The impacts of this prolonged financial stress appear to have been exacerbated by the extraordinary levels of investment required to keep pace with the largest carriers’ order books - See more at: http://www.alixpartners.com/en/Publications/AllArticles/tabid/635/articleType/ArticleView/articleId/1087/Change-on-the-Horizon.aspx#sthash.kPBgkNZf.dpuf

 

Shipping Banks are no longer active supporting the shipping business through their volatile life cycle- Credit is scarce = perhaps even non-existent - All this has meant that many smaller shipowners who [perhaps have viable businesses are unable to obtain funds to cover routine matters like Drydocking or capital reinvestments for engines etc.  

 

This market presents some great opportunity for secure yield investments in shipping our  Ship Finance Company  through a specialised vehicle www.tankerpartners.com  arranges for Ship Financing based on Residual value Financing to enable vessel owners obtain scare liquidity to manage their businesses.  Contact us for more details

 

 

 

Wednesday, May 21, 2014

it is our great pleasure to announce that as of May 2014 Ms Vicky Malliri has joined our company in order to strengthen our sale & purchase and projects desk. Vicky brings with her a solid background in shipping, having worked both in maritime trding companies and for the last five years at a well established shipbroking house in Athens. She received a BSc in Shipping & Maritime Economics from Piraeus University and a Master of Business Administration from Bocconi University in Milan.  We would like to take this opportunity to thank you very much for your support in the past which kindly also extend to Vicky going forward.

 

Please note our contact details (new visiting address !)

 

Five Oceans Maritime Asset Management GmbH & Co. KG

Zirkusweg 1 / 20359 Hamburg / Germany

P: +49 (0)40 2800 7788-0

F: +49 (0)40 2800 7788-20

www.five-oceans.de

 

Asset Management  / Projects

Mr Jan Hagemann: jan.hagemann@five-oceans.de

Mr Werner Ackermann: werner.ackermann@five-oceans.de

Ms Karolina Kulcicki: karolina.kulcicki@five-oceans.de

Mr Robert Rau: robert.rau@five-oceans.de

 

Asset Management / Finance

Mr Thassilo Plenge: thassilo.plenge@five-oceans.de

Mr Marco Thaysen: marco.thaysen@five.oceans.de

Ms Laura Schmitter: laura.schmitter@five-oceans.de

Ms Agathe Oft: agathe.oft@five-oceans.de

 

Sale & Purchase / Projects

Mr Glenn Sanmann: glenn.sanmann@five.oceans.de

Ms Vicky Malliri: vicky.malliri@five-oceans.de

 

Ship & Fund Management, Singapore

DO Shipping Pte. Ltd., 33 Ubi Avenue 3, #08-68, Vertex, Singapore 408868, P: +65 98580264

Capt. Vivek B. Rao: vrao@varenco.com, P: +61437597579

Mr Charles Wang Cheow Kit: cwk@varenco.com

Mr Gerard D.T.: gerard@gbsc.com.sg

Ms Noor Lelah By Mohamed Ariffin

 

 

About Five Oceans

 

Five Oceans is a Hamburg based specialized Maritime Asset Management and Ship Finance boutique. Founded in 2010, it has today developed into a leading independent third party asset manager for maritime investments and ship finance portfolios. Services are rendered to owners, private equity firms and financial institutions. They include amongst others project development, consulting & restructuring advice on special situations, fresh equity or debt placements, total SPV management incl. provision of directors or co-directors also for distressed situations, full commercial management of ships incl. Chartering and Sale & Purchase, and ongoing credit portfolio monitoring services. Amongst others, Five Oceans has been mandated by a major international bank to develop residual value secured ship financing deals. Ship Management and proprietary maritime fund management services are rendered through its sister company in Singapore, DO Shipping.

 

 

Tuesday, May 20, 2014

World Shipping Snapshot- Marine Traffic

 

New ZEaland Forest Products by Destination 1st Qtr 2014

Quarter Ended:

March 2014 p

Country of

Quantity

FOB

Destination

(M3)

(NZ$000)

China, People's Republic of

3,120,335

493,213

Korea, Republic of

514,630

74,514

India

302,889

48,087

Japan

212,841

28,508

Taiwan

23,894

3,559

Thailand

3,505

562

Viet Nam

2,357

507

 

 

 

 

LLoyds

 

k of America and U.S. hedge fund Davidson Kempner Capital Management were expected to buy the Lloyds' loans, one of the sources said. Another source added that the terms of the deal were being finalised.

 

Lloyds, Bank of America and Davidson Kempner all declined to comment.

 

Pricing on the deal was in the region of 80 percent of the value of the loans, one of the sources said.

 

"Lloyds are keen to get out of shipping and this deal is part of their efforts to speed up the process," another source said.

 

In February, finance and banking sources said Lloyds was looking to the sell the $500 million tranche as the state-backed bank cuts the size of its balance sheet to reduce risk.

 

The state-backed bank accelerated the run-down of its shipping portfolio last year and sold 2.7 billion pounds of loans, contributing to a 35 billion pound reduction in its non-core assets to 64 billion pounds.

 

Lloyds' sale of shipping loans last year left it with 965 million pounds of net ship finance loans at the end of December, down from more than 7 billion pounds at the peak of the financial crisis.

 

Friday, May 16, 2014

AB KI BAR MODI SARKAR


Vivek B Rao
Director
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
 
The information in this e-mail and any attachment to this e-mail is confidential and may be subject to legal or professional secrecy requirements. It is intended solely for the person to whom it is addressed. If you have received this e-mail in error, please notify us accordingly and delete the message from your system. You are prohibited from using, copying or distributing information contained in this message or in any attachment to the mail. Opinions or recommendations contained in this mail are subject to the conditions of the relevant mandate relationship with the addressee






Vivek Rao






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Queen on the Elbe

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Wednesday, May 14, 2014

Project Cargo at Dampier

 

 

Vivek B Rao

Director

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

 

The information in this e-mail and any attachment to this e-mail is confidential and may be subject to legal or professional secrecy requirements. It is intended solely for the person to whom it is addressed. If you have received this e-mail in error, please notify us accordingly and delete the message from your system. You are prohibited from using, copying or distributing information contained in this message or in any attachment to the mail. Opinions or recommendations contained in this mail are subject to the conditions of the relevant mandate relationship with the addressee Sent from Sony Xperia