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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, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess ...
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- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Economic Council, Georgia
- White Energy Company Limited
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
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