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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, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losin ...
Monday, 27 June 11
THE IRON ORE IMPORTS BY CHINA SEEMED TO SLOW DOWN - VISTAAR
COALspot.com - The BDI was holding as previous week and was just up by 1 point and closed at 1424 points end of last week. The biggest gain was ...
Friday, 24 June 11
THE INDONESIAN GOVERNMENT WILL NOT EXTEND ALL EXPIRED MINING CONTRACTS - JAKARTA UPDATES
The Indonesian Government have decided not to extend all mining concessions under the scheme called Contract of Work and instead will take over the ...
Friday, 24 June 11
BERAU EYEING 70 PERCENT GROWTH IN EBITDA
Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60 -70 percent growth in EBITDA to US$ 560 million-US$595 million this year. ...
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- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
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