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.
|
|
Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
|
|
|
Showing 5416 to 5420 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- The University of Queensland
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Australian Coal Association
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
|
| |
| |
|
