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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, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
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