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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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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
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