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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, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Planning Commission, India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
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