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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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Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT
Steady Cash Flow Will Fund Production Ramp Up
Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a produc ...
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Showing 5311 to 5315 news of total 6871 |
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- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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