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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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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
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