We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
|
|
|
Showing 5661 to 5665 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
