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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, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
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- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- PTC India Limited - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- The University of Queensland
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Minerals Council of Australia
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