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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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Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
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- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- White Energy Company Limited
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
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