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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, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 p ...
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- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
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