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Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Yesterday, the BDI (Baltic Dry Index) lost 0.91% to reach 2,076 points. The index, considered a benchmark for the market, has been hovering around the 2,000 – 2,200 point mark during the past few weeks unable to edge any higher. Once again, it was the larger vessel segments that dragged the market down, as opposed to their smaller counterparts which kept leaping forward. The capesize segment lost 1.15% on the day, with average daily rates now down to $24,852, while panamaxes were down 1.44%.
The BDI is now at the lowest it’s been since early August, with market analysts not quite so optimistic about the rest of the year. In a comment quoted by Bloomberg, Shalini Shekhawat, a Gurgaon, India-based analyst at Drewry Shipping Consultants Ltd. said that “the dry bulk market is showing no signs of improvement. The remainder of of the year will be no better, with iron ore and grain trade being insufficient to absorb the over-supply of tonnage in the market” he said. Shipping rates have fallen 31 percent this year as new vessels entered the fleet. Capesizes will expand 24 percent in 2010, driving overall dry-bulk fleet growth of 17 percent, Clarkson Plc, the world’s largest shipbroker, estimates. Demand will grow 10 percent over the same time, Clarkson said.
In a separate weekly report, John Cotzias Shipping Group said that the past week was another non-decisive one, with the main motive being the total lack of any clear direction and trend. “We feel that going this way on our job as analysts becomes really dull and sometimes we feel practically “useless” as not being able to read and deduct any signals from the super volatile market fluctuations makes us just wonder how ill or not is the fate of the Dry Bulk markets? This week’s interesting moves were those of the Capes that made a small shortlived uprise towards the end of last week that momentarily gave us some happy thoughts that were quickly reversed as the index made 4 consecutive falls closing the week with a bitter after-taste.
The Panamax size segment has already added more fuel to the existing volatility and has altered the uncertain moving pattern to ups and downs that start now to fluctuate every 2-3 days!!!! It is rather odd that only the smaller sizes the Supramaxes and the Handysize ships are on a constant upward sloped pattern, and the Supras after 29 negative Baltic Exchange sessions are already counting 14 consecutive positive sessions and during the past three weeks have regained more than 23% of their strength. On a similar manner the smaller Handies have 13 positive sessions and this seems to be on a steady motive that may last during the week to come.
All large size segments were negative moving and the general Dry Index declined on the pressure produced by the large size segment’s weight. What is worth noting is the fact that all 5 indices produced their year highs during the forth-night of 19/5 until 2/6 and ever since then have all recorded losses of -50% up to -46%, a loss that is equal in percentage terms in all 5 indices despite their varying dynamics and differing level of volatility they portray.
As we mentioned last week too, China has lead the way forward and has given us some positive demand for cargoes and it is China that has generated the much needed and appreciated momentum being the steam engine that gave power to the dry bulk markets” concluded the Piraeus-based shipbroker and analyst.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
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- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
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