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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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Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
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- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
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