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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, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
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