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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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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
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