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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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Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
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- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- The University of Queensland
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
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