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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, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
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- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Interocean Group of Companies - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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