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, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
|
|
|
Showing 5336 to 5340 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
|
| |
| |
|