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Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
 With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels witnessed last month. The Baltic Dry Index edged up by nine points to an average 1,352 from 1,343 in April. Only the Panamax segment recorded increases in rates, while Capesize and sub-Panamax segments witnessed further declines in rates. However, the decline in bunker prices, albeit a small one, gave owners some relief as decline in voyage cost provided a support to the earnings.
Even as the freight market failed to bring any cheer in the owners’ camp, newordering activity remained high (albeit lower from last month) as owners relentlessly tried to capitalise on falling asset prices. A total of 74 bulkers were contracted in May, as compared to 72 in April. In dwt terms, however, a total of 5.8 million dwt of orders were placed in May, compared with 6.5 million dwt in April. With the Capesize turning out to be the least profitable segment, the pace of neworders for Capesizes slowed, resulting in the overall reduction in total tonnage ordered over the month.
Despite the freight markets giving unpromising returns, owners remained undaunted and continued to acquire prompt tonnage. Secondhand sales during the month stayed at April level of 2.2 million dwt. In the demolition market, a situation where the market is ailing from a glut of ships, increases in demolitions might take the market closer to the equilibrium. A total of 2.4 million dwt of tonnage was sold for demolition – a level last seen in January 2009. An increase in demolition prices provided further push to owners who were contemplating demolishing their tonnage. Demolition prices increased on an average by 5-6%.
Our view Although demand is improving with China increasing its coal imports amid higher domestic prices and grain trade generating longer tonne-miles with South American countries continuing to bridge the gap before the return of Russia and Ukraine in the grain market, the supply side anomalies pose grave danger to the recovery in the dry bulk freight market.
Source: Drewry / Hellenic Shipping
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Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...
Sunday, 03 July 11
INDONESIAN GOVERNMENT HAS CLEARED 1509 COAL IUP'S AS CLEAR AND CLEAN
COALspot.com - The Directorate general of mineral & coal of Indonesia has cleared around 1,509 IUP holders (coal mining companies) as "clea ...
Sunday, 03 July 11
MONSOON IN INDIA PUSHED FREIGHTS UP FROM INDONESIA TO WC INDIA - VISTAAR
COALspot.com - The BDI continued to hold closing just 2 points below last week at 1,422 points which was supported by Cape index which was up by 71 ...
Friday, 01 July 11
BEN LINE OPENS A NEW OFFICE IN BERAU
COALspot.com - Ben Line Agencies has announced that it has opened a new office in the busy coal loading port of Berau in East Kalimantan increasing ...
Friday, 01 July 11
CAPESIZE RATES TO REMAIN DEPRESSED IN COMING MONTHS SAYS SHIPPING ORGANIZATION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a recent report, BIMCO reassessed that Capesize freight rates will remain in depressed territory in the coming months. Capesize Time Charter Aver ...
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Showing 5206 to 5210 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
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