We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
|
|
|
Showing 5461 to 5465 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
|
| |
| |
|
