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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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Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Australian Coal Association
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Parliament of New Zealand
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- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
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