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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, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
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