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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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Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Parliament of New Zealand
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
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