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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, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
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- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
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