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Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the “minus” area. Yesterday, the BDI ended down by 0.14% to 2,096 points, marking the fifth straight loss for the index. As it turns out, the gains witnessed in all other ship segments are offset by the negative impact of the capesize market.
According to a report released yesterday from Fearnley’s, there are currently hard times for capesize owners as levels – physically as well as derivatives – have dropped drastically across the board. “Spot demand is simply not enough to absorb the massive number of new entries that come in addition to the existing fleet. Average spot earnings down close to 25% w-o-w, coming in at around usd 26k. Pacific is hard hit in particular, with rates for rounds falling by almost 35% to usd 18k. Atlantic is holding up better, as the ballasters from Far East take most of the general beating – the North Atlantic tonnage/cargo balance is healthy in comparison. A few brave operators dare to book period tonnage despite the overall trend, with usd 28500 done just before diving into the abyss on 180kdwt/2009 for 12 months delivery China 5/15 Dec, also 172kdwt/2001 done for 3-5 months at usd 25k delivery retro China 14 Nov.
Uncertainty as to whether market about to find a floor or if this is turning into a complete collapse” warned Fearnley’s into what could become a very negative end to yet another turbulent year for the dry bulk shipping sector.Still, despite the Capes losses of 1.41% yesterday (on top of a near 6% loss the day before), all other smaller ship types appear on the upside, with Supramaxes proving to be the most resilient, as a result of increased coal trade. As for the Panamax market, it is now being fueled by some fresh orders and a lack of prompt tonnage, with the Atlantic market maintaining a positive trend this week.
Fearnley’s said that “TA rounds going in the low 20´s and Continent positions even able to reach mid 20´s. Fronthaul fixed at healthy 29k via Cape of G Hope. In the eastern hemisphere there is oversupply of tonnage and despite a fair amount of fresh coal requirements the market is sliding in the mid teen area. Short period market not very active, typically 4-6 months fixed at 18500. The sentiment has lost some optimism by the recent downturn in the Cape market and a slow decline on FFA´s – despite some signs of a recovery mid week. A relevant question is whether we are already facing a slow down for the coming X-Mas season” mentioned the shipbroker.
In earlier reports, this time from N.Cotzias Shipping Group, it appeared that the Handysize/Handymax era of troubles could very well be over. The Piraeus-based shipbroker said that what is worth mentioning is the stop of the very long constant falling run of the Handies that had recorded more than 34 days of negative Baltic Exchange sessions. During the course of the previous week, the first gains were recorded, while things have also kept improving during this week as well. Cotzias said that the Handies had experienced a two month fall, that reduced the relative Baltic Exchange’s index by more than 300 points and in percentage terms more than 30%.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
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Showing 5511 to 5515 news of total 6871 |
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- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
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