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Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled as to what their next move should be in such a fluid market environment. Still, the industry’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, ending the session up by 0.88% to 1.262 points. But the irregularities among the various sub-segments still are the new “regularities”, with Capesizes (larger ship sizes of 150,000 tons) still earning significantly lower daily income than their smaller counterparts. Up until recently, this had been the case with Panamaxes, with the gap among the two markets, now being among the largest recorded. But, the Supramaxes good fortunes during the past couple of weeks, has helped the even smaller and more flexible ships of this type, to edge forward and surpass even the Capesize segment. The relative Baltic Supramax market is now standing at 1,418 points (+1.43% on the day), versus just 1,314 points of the Baltic Capesize Index.
According to the latest weekly report from Shiptrade Services, on the capesize market iron ore majors are once again out of play this week with new cylcones hitting major ports in Australia. “As a result hardly any fixtures were concluded. The negative freight market, further burdened by the rising bunker prices is shrinking owners returns, who more
often than not have been considering pulling their vessels out of the market until the it picks up again. On the other hand the period market has been quite active this week with good returns, as a result, it often stands as a good alternative to owners” the shipbroker said.
Regarding the booming as of late Supramax market, it mentioned that “the sentiment was positive this week in the Mediterranean, mostly for trips to the US as well as the Continent as a result of fresh cargoes entering the market and a rush of activity deriving thereof. Rates in the Atlantic mainly stayed at similar levels to last week with little fresh enquiry recorded within the Atlantic. The Pacific continued its improvement this week with much activity being directed towards India. Rates have been rising in the spot market as a result. Here too the rise in the paper market has given rise to some significant gains in the short period rates. However many doubt the longevity of this positive sentiment” it said.
As for the Panamax market, it has softened in the Atlantic since last week, with grain demand noted then from the ECSA, now fading, thus resulting in dropped rates. “In the Pacific, the sentiment was mixed with few NOPAC round being concluded while rates hovered at similar levels to last week. On the other hand, the paper market firmed up giving rise to higher returns in the short period market. Finally, in the smaller HandySize market, no significant change has been recorded since last week. The Atlantic healed more or less steady with a generally balanced supply ratio. A spike of activity was seen in the Pacific for trips to the USG and ECSA boosting rates for backhaul trips by over 20% .
In terms of ship purchasing activity, Shiptrade noted that purchase interest has been reduced compared to the previous week. “The Asia markets are holding the leading position, followed by Greek and other markets. In the dry sector, purchase interest concentrated on Handysize, Handymax and Panamax vessels. Furthermore the market is still trying to find a consensus and an equilibrium point with regard to price estimation differences between what buyers are willing to pay for vessel acquisitions and on what levels sellers are willing to sell.
In this regard it would be helpful to mention that although for quite some time we have not witnessed a deal in the late nineties built handymaxes, market rumor has it that a large Japanese handymax bulk carrier built 1996 has been committed to Asian buyers, who were willing to pay a firm very high teens for her” concluded the report.
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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- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
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