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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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Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
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- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
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