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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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Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
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- Planning Commission, India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
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