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Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
 The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax segments were higher week on week, with the first gaining 19.22% and the latter 2.77%. Thus, capesize owners had plenty to cheer for in the previous week, a development not quite expected with China effectively out of the market, due to holiday reasons. Still.
As the weekly report from Commodore Research & Consultancy said, “a larger than expected amount of iron ore fixtures came to the market last week which helped propel Cape rates. 31 ore fixtures were reported, only 4 less than the previous week. 24 of the fixtures were for capesize vessels, which was actually 4 more than the previous week. Expectations had been for a moderate decrease in overall ore fixtures due to China’s week-long National Day holiday, but Chinese iron ore fixtures remained relatively firm. A healthy amount of iron ore fixtures from buyers outside of China also helped Cape rates find support. 13 vessels were charted to export iron ore to buyers in countries other than China, 7 more than the trailing four week average. 18 vessels were chartered to export iron ore to buyers in China, 4 less the four week average” said the report.
Meanwhile, iron ore demand and related spot prices have been able to hold steady even as the Chinese government continues to partially restrict electricity allocation to steel mills. These restrictions have lessened recently, though, and going forward Chinese steel mills are expected to slowly increase steel production.
“Market sentiment has slowly improved, evident by last week’s increase in period deals. Market players had previously been spooked by the electricity restrictions in China but iron ore demand has managed to remain relatively firm. Two weeks ago, the 11 period fixtures concluded last week were the lowest amount of period fixtures reported in a single week since the week ending July 16. At that time, dry bulk spot rates were near 2010 lows. Last week marked the first time since early September, however, that week on week period chartering activity increased”. In total, Commodore reports 118 spot trip fixtures for the week (nine less on the week) and 17 period fixtures (six more than the previous week).
In another weekly report, N.Cotzias Shipping Group examined the potential overcapacity of dry bulk tonnage and how it will impact the freight markets. According to Cotzias, the expected ships until the end of 2010 are alarming, with 6 VLOC’s of 1.8 million tons, 61 Capes of 11 million tons, 21 Post Panamaxes of 2.1 million tons, 74 Panamaxes of 6 million tons, 153 Supramaxes of 9 million tons, 7 Handymaxes of 300,000 tons, 201 Handies of 6 million tons and 221 bullkers (between 10,000 and 20,000 dwt) of 2 million tons, not to mention an additional smaller dry bulk carriers (including MPP, General Cargo) of 400,000 tons. In total until the end of the year, the additional carrying capacity of the global dry bulk fleet, based on the expected deliveries should be 38.6 million tons, a figure difficult to be offset by the increased cargo demand. Of course, the economies of the developed world haven’t to contribute to global shipping trades, with China still ruling the fortunes of rates.
For the time being, “the effects in the freight markets of the Russian grain embargo, and the closure of 10 major ports following the Karnataka ban in India, are fairly visible and the added per ton mile, that has altered the typical trading routes seem to have added on the positive side, keeping the freight levels to acceptable, fairly good levels that are for the time being balancing the added influx of tonnage that has already become part of the world active fleet. We expect that this added dynamics of the market together with some much awaited improvement from the developed world, whose economies are not really feeding with steam the global shipping trades, would be the wishful expectations from either Q4 2010 or even better Q1 2011” said Cotzias.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
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- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
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