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Friday, 09 May 14
DRY BULK MARKET: BANKRUPTCY TONNAGE UNLEASHED
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’s tonnage supply crunch eased out. The fourth quarter of 2013 proved to be an exception as rates surged despite modest demand on account of tonnage supply crisis resulting from bankruptcy-related issues with some dry bulk shipowners.
The operating fleet, having contracted in 4Q13, regained its lost ground as vessels, which were unavailable due to bankruptcy -related issues, returned to service in 1Q14. The protracted low earnings for past few years have resulted in financial distress for many owners.
Some of them such as TMT, STX and Excel, got trapped into earnings deadlock and were forced to file for Chapter 11 bankruptcy protection. The legal muddle resulting out of bankruptcy related issues forced charterers to shy away from hiring these vessels and the unavailability of many Dry Bulk vessels created a short term supply crunch in the market which helped rates increase.
Whilst the first quarter of this year has seen demand pick up to new highs, rates could go down as vessels from these distressed owners become available for chartering, supply will go up once again putting pressure on freight rates. Despite the short term pressure, the Dry Bulk market is expected to improve by last quarter of this year as global demand improves further and increase in overall supply slows down.
Source: Drewry Maritime Research / Hellenic Shipping
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Monday, 12 May 14
TAIPOWER TO IMPORT AROUND 1 MMT OF SUB-BITUMINOUS COAL DURING AUGUST 2014 THROUGH NOVEMBER 2014
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open t ...
Monday, 12 May 14
DRY BULK MARKET IS STILL STRUGGLING TO FIND FIRM FOOTING
COALspot.com: The freight market continued to be weak and the BDI closed slightly lower at 997 points or fell 1.96 pct week on week. The cape in ...
Friday, 09 May 14
RBCT SHIPPED 5.4 MMT OF COAL IN APRIL
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest coal export terminal in the world, shipped 5.45 million to ...
Friday, 09 May 14
UNITED STATES COAL PRODUCTION SLIGHTLY SLIDES TO 82.4 MMST IN APRIL
COALspot.com – United States the world's second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal i ...
Thursday, 08 May 14
'TRIAL BY MEDIA, TRIAL BY LAW' - A REPORT FROM TRACK 1 OF BIMCO'S ANNUAL CONFERENCE DUBAI 2014
KNOWLEDGE TO ELEVATE
Aiming to bring a very different type of event into their annual conference, BIMCO presented ‘Double Jeopardy &n ...
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- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- The University of Queensland
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
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