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Friday, 12 November 10
DRY BULK MARKET STILL ON A FREEFALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market failed to show any signs of life this week, with the Baltic Dry Index (BDI) still being on the red, now stretching more than 11 straight losing sessions. As of yesterday, the BDI stood at 2,366 points, losing 3.59% from the previous day. All of the various ship segments were on the red, but the main reason for this plunge has been the capesize sector, whose demise doesn’t seem to be over yet. The Capesize Index lost another 4.82% yesterday, thus bringing the whole market down again. As for the Panamax market, which could sail forward on the back of increased coal trade, such a trend has yet to be materialized.
In terms of the Panamax market, shipbroker Fearnley’s noted that it had a slow start to the week, but it is showing signs of a slow firming up in both hemispheres. “The continued Chinese appetite for coal keeps the Pacific strong with Pac rounds fixed in region 22/23k for N.China dely. With the weaker Atlantic market the backhaul rates have increased with approx usd 1000 in one week. In the Atlantic we also see more coal and grain cargoes for end Nov/early Dec dates - however number of available ships outnumbers the cargos for now and Tarvs are fixed in the 16/17k region while its rumored one fhaul at 30k+. The period market has been slow with little reported, but the interest is back for same” said the broker’s latest weekly report.
As for the Capesize market, it described its condition as slowly but steadidly softening, as demand just about fails to match supply on the main routes. “With Brazilian miners absent from spot market since some time, ballasters from F.East struggle to maintain levels on the Tubarao/China trade. The N.Atlantic market, however, seems to live a life partly of its own as early Cont/Med tonnage is tight. Australian miners are busy picking prompt ships for the W.Austr/China trade - levels nevertheless softening gently and average earnings for Pacific rounds coming in at usd 34.5k, down some 10% w-o-w. Period activity low as paper have failed to give support, and limited to short duration only - notable fixtures including 18k dwt/built 2010 done for 4-6 months at usd 37750 basis prompt delivery in China, also 176k dwt/ built 2010 for 4-6 months at usd 36k basis prompt delivery in S.Korea” said Fearnley’s.
Meanwhile, in its third quarter report issued this week, Knightsbridge Tankers commented on the dry bulk market, by saying that in spite of a net fleet growth of 11.8 percent (55.8 million dwt) the dry bulk segment has again surprised on the upside. Iron ore transport to China, which has been the fastest growing sea borne trade the last decade has even experienced a small decline the three first quarters this year compared to 2009. The combination of these two factors should cater for a lower utilization of the dry bulk fleet.
“However, other areas have contributed positively and overall demand has been able to absorb the vast number of newbuildings so far. We would like to emphasize three reasons, A) Strong increase in coal imports to China and India, B) Congestions and C) Chinese coastal trade. The Capesize spot market has experienced a lot of volatility during third quarter. Average earnings have been $26,233 per day, with a low of $12,000 per day mid July and a high of $ 41,000 per day early September. Asset values have softened slightly during the quarter. By the end of September 2010 the value of a five year old Capesize was $55.4 million compared to $60.4 million by the end of the previous quarter. Long term time charters are still holding up, one year time charter period is estimated to generate $30.000 per day for modern tonnage while five year time charter stands at approximately $27,500 per day” concluded the ship owner.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
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