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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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Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...
Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...
Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...
Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...
Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...
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- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
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