We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% lower to 1,557 points. The main reason for the latest increase was the Panamax segment which has kept its upward trend, as a result of increased coal and grain trade activity. The relative Baltic Panamax Index was up by 1.81% to 1,801 points, while a small increase by 0.79% was also evident in the Supramax segment of the market.
During the course of the past week, the BDI has risen by 5.6%, mainly driven by the remarkable 22% rise of the Panamax market. according to the latest weekly report from Paris-based shipbroker Barry Rogliano Salles, “Indian government figures showed this week that the country recorded zero growth in its domestic coal sector in fiscal 2010-2011. This compares to 7.9% growth in the previous fiscal year, and will be the first year of zero growth since 1998/1999. Commentators point to strict environmental limitations and uncertainty over so-called ‘no go areas’ as having a major effect on production, factors which will affect the country’s import levels going forward”.
Regarding the Capesize market, it mentioned that the continuation of holidays in Europe led to another quiet week for Atlantic Cape activity, and rates were little changed losing 0-1% over the week. “The Pacific was busier, although a softer trend was noted as the week progressed. Aus-China lost around 3% over the week. Overall the BCI gained 2 points w-o-w, while the time charter average rose from US$6,700 to US$6,777, a figure which is still below Opex for most operators. There are no big movements at the start of the new week although Monday saw another slight drift downwards, with the BCI losing 9 points” said BRS.
On the Panamax market, it said that “despite having a short week, with last Friday and Monday off, the BPI index recovered and the 4TC gained US$1,700 over the week. The biggest increase came from the Far East where the Nopac round gained US$2,300 closing the week at US$13,300 per day. This climb could be explained by an extremely quiet April month with charterers having, eventually, to fix cargoes and the fact that Australia, recovering from the floods, was able to export again. However WCI iron ore was still paralyzed as miner have not yet received permission to export. West of Suez, the ECSA market was very busy as every charterer, after the Easter holidays and various bank holidays, returned to the market at the same time. This pushed rates up to US$26,500 aps + 650 bb for a LME 74,000 dwt giving ETA end May/very early June. Overall the number of Atlantic vessels decreased, giving stability to this basin. Short period wise, the sudden Nopac and ECSA activity created a bubble, with rates climbing very quickly up to US$16,000 per day for a LME (US$3,000 more than a week ago)” said the shipbroker’s report.
On the smaller ships, BRS said that the “Baltic Supramax Index rose by 11 points to finish at 1,386 points last week, while the average of the time charter routes stayed flat, gaining just US$100 to finish at US$14,490 per day. The market was active in the Atlantic, with more and more freshly added grain/sugar cargos ex ECSA. In the meantime, tonnage was injected into the basin throughout the week, but surprisingly these newcomers did not soften the trend which remained flat and fully firm. Activity remained steady in the USG/USEC region, the main commodities being grain, coal and petcoke, trading mainly back to the Continent/Med range and to the Far East. With such a sustained market in the Atlantic basin, more and more ships are coming around to the idea of ballasting from the Indian Ocean or Med to the South Atlantic in order to satisfy demand.
In the smaller sizes, the Baltic Handysize index lost 3 points to finish at 792 points with the time charter routes losing US$100 to reach US$11,750 daily. Again the Atlantic is firmer than the Pacific and the TARV is worth US$12,500/day today, whereas the PARV is worth US$11,500 daily. On the period front, large and modern Supramaxes with delivery Far East are getting fixed in the low/mid US$15,000s for short period” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
|
|
|
Showing 5261 to 5265 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
|
| |
| |
|
