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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
 The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise has been modest, contrast to the series of decline that the industry’s benchmark, the Baltic Dry Index (BDI), showed during its downfall, when in 35 straight loss-making sessions it lost 60% of its value. Today, the market stands at 1,967 points, rising 1.29 percent on Friday.
Another positive fact was the continuous support that the capesize segment has been finding as of late. Now, average freight rates for capesizes stand at $ 14,965, higher than the $ 9,300 per day, reached in mid July. But, it’s still a very long and doubtful climb back at $ 55,000/day that those vessels had reached by late of May this year. Even so, it’s lagging severely from the smaller in size panamax ship type. Panamax vessels now earn $ 21,155 per day on average, which is a serious gap. According to remarks quoted by Reuters, made by Braemar Seascope, “the situation has been positive this week, although the atmosphere remains fragile due to uncertainty derived from the obvious scenario of lack of cargoes and an ever increasing oversupply of (capesize) ships.
Meanwhile, industry observers have been closely watching the situation in India, where the southern state of Karnataka, which stands for almost 20% of the country’s iron ore production, is looking to ban iron ore exports from ports, a move which if materialized, it could change trade patterns of iron ore trade. This would mean that shipowners could see more ore shipments from Australia and Brazil to China, a development that would affect freight rates, especially in the capesize segment, bringing more degree of support as a result of the longer ton-mile journeys.
In the second hand market, as well as the demolition front, things were pretty active last week. According to a weekly report from Piraeus-based shipbroker Golden Destiny, 20 sales were reported in the secondhand and demolition market. “The highest activity has been recorded in the newbuilding market with 44 orders reported in total. The secondhand market has been marked with almost 57% negative yearly change with 9 vessels reported to have changed hands this week equalling to a total amount of money invested around US$ 78,500,000, one enbloc tanker S&P transaction reported on private terms.
In the demolition market, 12 vessels have been headed to the scrap yards of total deadweight 693,369 tons, while in 2009 9 vessels reported for scrap indicating a positive yearly change of 33.3% In the newbuilding market, 44 vessels reported to have been ordered equalling to a total deadweight around 1,702,860 tons. The dry sector has held the largest share of newbuidling contracts with 24 bulkcarrier transactions equaling to a total deadweight of 1,505,860 tons, with kamsarmaxes being the most popular vessel type.
The Greek presence has been noticed this week only in the newbuilding market in the bulk carrier sector with no new orders placed but replacement of cancelled tanker orders, originally contracted at the end of 2007 and 2008, with kamsarmax bulk carriers. Chinese presence seems to start calm down and in the newbuilding market as only a 4 units order reported placed this week, for kamsarmax bulk carriers, in domestic yard for a total amount of money invested around US$ 134,000,000” Golden Destiny said.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
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- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- White Energy Company Limited
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
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