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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, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
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- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Wilmar Investment Holdings
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
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