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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, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...
Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...
Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...
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- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
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