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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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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
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