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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, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
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