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Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates on some Capesize routes reaching a three-month high, the start of the new week brought this upward trend to a halt. Specifically, the BDI fell by 10 points to 1,856 points, with all major indices in negative territory. The Capesize segment of the market, which led most of the gains last week was lower yesterday to 3,390 points, while Panamaxes were also a bit lower to 1,693 points (Baltic Panamax Index).
In a statement from the Bedford Report, coal exports are recovering from supply disruptions in Australia, coinciding with a seasonal boost in shipments of the fuel and of grains, said Ole G. Stenhagen, an analyst at SEB Enskilda ASA in Oslo. The BDI's dramatic ascent could be short-lived, however. Khalid Hashim, managing director of Thai-listed Precious Shipping, told an industry conference he saw the BDI falling to as low as 1,000 points by year's end due to more ships taking to the seas. Reports from Reuters state that the dry bulk fleet -- responsible for shipping iron ore, coal and other commodities -- was expected to grow 13 percent this year to top a record 600 million deadweight tonnes despite demand rising by just 5 to 8 percent.
Still, fleet growth will outpace demand for commodities shipped in bulk and market sentiment will again turn negative in 2012, JPMorgan Cazenove said in a report at the end of the week, as mentioned in a Bloomberg article. Rates for single-voyage and longer-duration charters across the shipping industry are 60 percent lower than 10-year averages after owners ordered too many vessels before a 2008 collapse in rents, analysts led by London-based Christopher G. Combe said in the report. Deliveries of dry-bulk vessels will peak in 2012 based on outstanding orders for new ships, according to JPMorgan Cazenove, which initiated coverage on five maritime and offshore companies.
Meanwhile, in a separate story from Bloomberg yesterday, quoting Macquarie Capital Securities Inc., the Baltic Dry Index will take until 2014 to exceed an average level of 2,000 points, as iron ore production runs below estimates. “We believe 2012 will be the low point for rates, but that the recovery back to a BDI average of around 2,000 will take until 2014,” the bank said. Top global producer Vale SA’s output of the steelmaking raw material will be 26 percent lower next year than projected by the company in 2007, Macquarie said in a report e-mailed yesterday. That equates to a shortfall of 110 million metric tons, it said.
At the same time, the fleet is set to expand more quickly than demand to ship commodities, the report showed. The dry-bulk fleet’s growth next year will outpace an estimated 8 percent gain in demand to transport commodities by sea, even as scrapping of older vessels surges 48 percent, Macquarie analysts said in the report.
“Macquarie predicted the most pressure on earnings over the next two years for capesizes and panamaxes, the two largest dry- bulk vessel classes. They have the greatest surplus of capacity, the analysts said. The largest and smallest capesize subclasses, so-called very large ore carriers and mini-capes, had the biggest oversupply, Macquarie said, citing a presentation from Ian Sheriff, a representative of Zodiac Maritime Agencies Ltd. The London-based ship operator has a fleet of 34 capesizes and 13 very large ore carriers. Dry-bulk ships with a combined capacity of 37 million deadweight tons will be demolished next year, up from 25 million tons in 2011, the report showed. Vessel deliveries will drop to 70 million tons from 96 million tons this year, Macquarie forecast” said Bloomberg.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new ye ...
Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...
Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped 33.476* mln mt of coal in November, which is slightly higher than its Octobe ...
Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...
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Showing 4921 to 4925 news of total 6871 |
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- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Planning Commission, India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
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