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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
 The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points versus the previous week. As a result, August’s monthly average is now at 2417 points, significantly improved over last month’s average of 1910 points. According to a weekly report prepared by N. Cotzias Shipping Group, the BDI is set to increase before year end and possibly peak beyond the 5,500 points mark. “For this increase to be effective some resistance levels have to be met and surpassed and some other conditions have to be met”. Commenting on this week’s performance of the market, the Piraeus-based shipbroker said that it was a mixed feeling week, a breather. “The larger capes and panamaxes suffered minor losses and the smaller supramaxes and handymaxes posted minor gains. Overall the general index fell and the overall sentiment is that the overwhelming increased was too rapid and had to correct somehow. Still there are many ships chasing lesser/fewer cargoes and this imbalance of the market is self]implicated and will sooner become far worse than better. Have owners been shooting at their own feet? Definitely yes!” the broker mentioned.
Still, the shipping markets seem to have regained a great share of the heavy losses encountered during the first two months of this summer period and “before August says “kalo xeimona” - a Greek traditional wish for a pleasant winter - to us, we will be in a positive situation where we recovered a great percentage share of the heavy losses in both the indices and actual daily freight hire. The shipping markets were greatly assisted, by the added momentum that were offered in the past 2 weeks by the Capes and the Supramaxes. However the underlying global market fundamentals still pose a great degree of an uncertainty level although overall the picture looks much better than 2 months ago. China has imposed their game rules in the iron/ore pricing agreement, and the country’s size and import appetite on its own have such great weight that they can and have brought the per tone prices to the desired levels. Russian grain exports embargo/ban went into action as from the 15th August until 31st December 2010, and the Russian exports will be limited to 60]65 million tones for 2010 as opposed to 97 million tones for 2009. This is a serious quantity reduction that will be needed to be shipped from alternative locations and this will definitely act positively on shipping freights as the per ton mile cost will increase. A notable slowdown in period and time charter fixtures was noticeable this week and a total of only 84 fixtures were recorded compared with 112 of last week” Cotzias said.
Meanwhile, in a separate report by shipbrokers Golden Destiny, last week ended with 29 sales reported in the secondhand and demolition market. The highest activity has been recorded in the newbuilding market with 48 orders reported in total. “The secondhand market has been marked with almost 52.17% negative yearly change with 11 vessels reported to have changed hands this week equalling a total amount of money invested around $185,800,000. In the demolition market, 18 vessels have been headed to the scrap yards of total deadweight 356,048 tons, while in 2009 14 vessels reported for scrap indicating a positive yearly change of around 28.5%. In the newbuilding market, 48 vessels reported to have been ordered equalling a total deadweight around 4,490,500 tons. The dry sector has held the largest share of newbuilding contracts, equalling a total deadweight of 2,154,500 tons, with kamsarmaxes being the most popular vessel type. The Greek presence has been noticed this week in the secondhand market with 2 transactions, one in the handysize bulkcarrier sector and one in the MR tanker sector, and in the newbuilding market with 5 transactions, 1 in the kamsarmax bulkcarrier sector, 2 in the handysize bulkcarrier sector and 2 in the container handy sector. The cumulative amount invested by Greeks can be calculated only in the secondhand market, which was $ 11,000,000 , since in the newbuilding market the relevant information has not been disclosed” Golden Destiny concluded.
Source: Nikos Roussanoglou / Hellenic Shipping
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Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
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