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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, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
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Showing 5386 to 5390 news of total 6871 |
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- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
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