We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy
The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...
Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...
Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...
Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...
Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
|
|
|
Showing 5241 to 5245 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
|
| |
| |
|
