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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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Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
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- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- MS Steel International - UAE
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- PTC India Limited - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
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