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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, the market’s retreat to well under 2,000-point levels can be seen as a good sign since the new year will begin on a low end, leaving enough room for growth during the following months.
On the other hand, one can’t ignore the fact that a flurry of newbuildings have been “choking” the market in recent months, not letting freight rates increase despite healthy demand, apart from seasonal situations.
According to a weekly report from Shiptrade Services, “capesize vessels are still feeling the pressure felt during the previous week and the information continues to be varying as far as the beginning of the year is concerned. Charterers were not really chasing after vessels to fix and on the other hand Owners were reluctant in coming with lower numbers to secure a fixture. As a result, the Index was once more following a downward track.
Pacific had started off the week with a little more action as opposed to the other areas, but the Charterers were actually idle, only reaching out for the discounters. This general stand-still has closed the week with few fixtures reported and even less agreements on the Period Market”.
As far a Panamaxes are concerned, they “woke up on a promising Monday morning, especially for the ones positioned in the Atlantic. Both Charterers and Owners were quite active in fixing before the holidays, which kept the numbers and general sentiment at similar levels as the previous week.
Unfortunately, the Pacific Ocean was not here to add-up to this positive feeling, as the tonnage in the area was considerably over the available cargo that was to be shipped before the end of the Year. As a result, the BPI was seen losing about 180 points, also showing very few period fixtures, most of them on short term basis” said Shiptrade.
Meanwhile, the recent resilience exhibited by the supramax segment, wained down. “All areas were considerably slow and had very few activity to show both on the spot and period market. Charterers with business ex Atlantic, have managed to push numbers down, especially for the cargoes to the Med, now looking at a rather disappointing 9.000 $. Longer trips to the Far East have managed to drop less than the other routes, but the number of vessels ballasting to grab these cargos do not sound like a good prospect for the rates. The Pacific Market was even worse, with a large number of vessels fighting
over a small number of cargoes. Charterers were actually seen silent, as the fight between the vessels was doing the work for them, by lowering the hire levels and only the ones that were here to seriously discount were the ones to sign a fresh CP. The only area that was resilient in this drop, was the Indian Ocean that showed some activity at levels slightly under last week. Indonesia on the other hand was definitely not considered as a loading area, as rain was the main factor to delay shipments and cancel vessels. Low numbers were the reason for some Charterers to come-our looking for period tonnage, but most of the Owners were not here to meet Charterers’ desired levels” said the shipbroker’s report.
Perhaps not surprisingly, it was the smaller Handysize segment that came out stronger than the other sizes, with minor losses as a general sentiment. “Although there are a good number of vessels waiting or sailing towards the loading areas, it seems like the available cargo has managed to keep this size rolling with limited drawback.
Both the Atlantic and the Pacific Basins have been fixing vessels at pressed levels, but not to the extent of the other sizes. Owners were once again facing some resilient Charterers, but did not face the competition a Supramax would come across in the Far East for example.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
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- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
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