We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend, with the industry’s benchmark, the Baltic Dry Index (BDI) beginning the year exactly like it ended. The BDI was down yesterday by 80 points to reach 1,693 points, among the lowest it’s been since 2009.
Wha’t even more disappointing this time around is that the downward pressure made no exceptions whatsoever as to which sectors it will affect. All various ship segments were down yesterday, reflecting a slump of demand across the board, with the most resilient market until now, the Supramax one taking most of the heat.
According to the latest weekly report from Shiptrade Services, the Capesize market has remained subdued, as was expected. “All fixtures intended to be concluded before the end of the month, were covered in the previous week, leaving very little to report this week. The adverse weather conditions in Australia which have created a chaos across many ports and upset coal exports, has also influenced the market negatively. Prices contracted remain on the same levels as last week.
In the Panamax market the same theory applied as activity was also low. The Pacific is still seeing an overcapacity issue which paired with the current limited demand, is keeping the sentiment down. On the contrary the Atlantic is being maintained on healthier levels. Transatlantic trips are still hovering around the low 20s as per last week. The Supramax sector was also quiet this week. No fresh enquiry was recorded in the Mediterranean and Black Sea. The market seems to have adopted a passive approach as most seem eager to see what the next week will bring. Owners in the Far East have been fixing their vessels on levels similar to the previous week where the opportunity arises, but this is very infrequent and they generally prefer to wait until further enquiry enters the market into the New Year, said the shipbroker”.
In a separate report from Bloomberg, Queensland’s floods are expected to further reduce dry bulk rates, as buyers of Australian coal are already cancelling ship charters. According to the story, “Queensland ships about 180 million metric tons of coal a year, or about a fifth of the global total, according to Sverre Bjorn Svenning, an analyst at Fearnley Consultants A/S in Oslo. The dry-bulk fleet grew 17 percent last year, outpacing an 11 percent increase in haulage demand, the research unit of London- based Clarkson Plc, the world’s biggest shipbroker, estimates.
Total seaborne trade in dry-bulk cargoes, spanning coal, iron ore, grains and other commodities totaled 3.3 billion tons last year, Clarkson estimates.
In terms of ship acquisitions, Shiptrade reported that sales were at very low volumes, whilst there weren’t any price changes. With the absence of BDI reports since Christmas Eve, purchase enquiries declined merely due to seasonality. “However, based on individual regions changes since last week were not dramatic. In the bulker sector Handy size vessels were the popular with Handymax and Panamaxes following closely. In the wet sector MR tankers dominated purchase enquiries whereas other sizes ranged from very low to null levels.
Among the two reported sales was a resale Supramax from STX Dalian yard in China with delivery in 2011. The price is said to be USD 32 Mill but the buyers remain undisclosed. VLCC tanker “Front Shanghai” (271,978 DWT built in 2006 in Nantong, CHN) was reported sold for xs USD 91,25 bill with TC bacl at 35,000/day for two years to undisclosed buyers”, said Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
|
|
|
Showing 5411 to 5415 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- The University of Queensland
- Australian Coal Association
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- White Energy Company Limited
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Parliament of New Zealand
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
|
| |
| |
|
