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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, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
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- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- The University of Queensland
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
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