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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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Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- PTC India Limited - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
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