We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bid to relieve part of the market’s oversupply of vessels. Yesterday, the Baltic Dry Index lost further ground to end the session down by 1.91 percent to 1,795 points, weighed down once again by the ailing capesize segment, which lost an additional 2.5 percent.
As shipbroker Fearnley’s put it in its latest report, “Santa Claus didn’t come early this year”. Commenting on the Capesize market it mentioned that “whilst there has been anticipation in the market that bottom would soon be reached, rates continue to drop. For Australia to China, charterers are now targeting below USD 8 pmt, with last done at very low 8s. Tubarao/Qingdao is slowly approaching USD 20s, although there has been some resistance on this route. All in all the market needs a Christmas break, and hopefully activity will be speeding up early next year. However as it looks right now, expectations remain poor” said the report.
A similar situation is described for the panamax segment. “The Panamax market experienced limited activity and consequently continuous softening of rates in both hemispheres. The FFA´s traded steady arnd USD 16k for Q1, while 1 year TC period in the physical market was pending arnd USD 16-17k. Not many signs for market recovery last days of this year, especially Pacific has an oversupply of tonnage and lack of new orders to back up. Question now if market reached a level where owners and operators start picking tonnage again. Prompt Atlantic rounds fixed at USD 19-20k while the Pacific rounds sub 10k” it said.
As for the smaller ship segments (Handy/Supramax), Fearnley’s said that “not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless large Supras are achieving USD 21/22k for TA rounds – 2/3 laden legs within the Atlantic which is actually not bad at all. As advised the pre-Xmas rush is keeping the market afloat but a large amount of tonnage is pouring into the Atlantic (ballasters from India etc.) and this should exerce downward pressure on rates by end Dec/1H Jan. USG is quite active on the petcoke side. Outlook: Flat.
The FEast has been under real pressure over the past week. With the holiday season here owners are keen to just get vessels in employment with quick business then see the direction in the new year. Vessels are fixing for Indo rounds in the low 10´s and even hear of a large Supra fixing sub 10k opening N.China for a trip to India. Nopac rounds are also few and far between but paying a tick more. Off WC India tonnage has been somewhat tight and the level seems to be around 15/16k for trips back to China with iron ore” Fearnley’s concluded.
It’s worth noting that a year ago, the BDI was standing at a hefty 3,258 points, up by more than 40% from today’s levels of below the 2,000 point mark. Still, activity in the demolition market is still on the low side, despite the fact that current rates offered by shipbreakers are at spectacular levels since the beginning of the year. Shipbrokers Golden Destiny said that “China is bidding aggressive rates by paying $450/ldt for dry/general cargo and India being close to break the barrier of $500/ldt for wet cargo.
Bangladesh is still not fully reopened but a small movement has been recorded in last days with some vessels being beached in Chittagong, which seems promising for the future of the leader country in the shiprecycling industry. This week closed with 7 vessels reported to have been headed to the scrap yards equalling a total deadweight of 575,804 tons, indicating a 56% w-o-w decline. Tankers remain on the spotlight with positive demolition figures almost per week, whereas demolition activity in the container sector is standing at virtual standstill since the beginning of December. At a similar week in 2009, 16 vessels were reported for scrap equalling a total deadweight of around 343,305 tons while demolition countries were paying $300-$330/ldt for dry/general and $320-$340/ldt for wet cargo” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
|
|
|
Showing 5616 to 5620 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Siam City Cement - Thailand
- The University of Queensland
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Australian Coal Association
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
|
| |
| |
|
