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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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Friday, 12 November 10
BANPU'S NET PROFIT HAS INCREASED 249 PERCENT IN 3Q 2010 COMPARED TO THE SAME PERIOD LAST YEAR
COALspot.com: Banpu Public Company Limited (BANPU) reports its financial performance for the third quarter 2010, posting a net profit of THB 13,293 ...
Friday, 12 November 10
DRY BULK MARKET STILL ON A FREEFALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market failed to show any signs of life this week, with the Baltic Dry Index (BDI) still being on the red, now stretching more than 11 ...
Thursday, 11 November 10
KOMIPO WANTS 400KT OF SUB BITUMINOUS COAL
COALspot.com : Korea Midland Power Co. Ltd. (KOMIPO) is looking for 400,000 MT of sub bituminous coal through International open bidding. The delive ...
Wednesday, 10 November 10
NTPC TO IMPORT 12 MILLION TONS OF COAL IN 2011
COALspot.com: India's State Trading Corp Ltd a public sector Govt of India co. is looking for 12 million tones (+/- 2%) of imported coal for NTPC. ...
Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...
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- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
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