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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, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
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- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- The University of Queensland
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
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