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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
 Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. That’s what the latest Hellenic Shipping News Poll indicates, since according to 186 of the 509 of the readers who voted, said that the most popular ship types will prove to be those in the range of between 35,000 and 60,000 tons dwt.
This represents the 36.5% of the votes. Similarly, the second most wanted ship types will be those in the range of 15,000 – 35,000 tons dwt. They were voted by 99 readers or 19.4% of the total votes. As a results ships with a carrying capacity from 15,000 dwt and up to 60,000 dwt were the preferred ones for almost 56% of all those who took part in the poll.
On the contrary, the capesize type, regarded as a reference point for the dry bulk industry didn’t fare that well, with only 15.1% share of votes, or 77 out of 509. Also, panamaxes took 19.3% of the votes or 98 in total. It seems that the market’s future in 2009, one of the most challenging years ever for the industry, is expected to lie within the handysize/handymax, as well as the supramax segments. During June, a similar poll, organized by Hellenic Shipping News, had raised the question of which cargo trading route would prove to be the most profitable in the coming months.
The results were overwhelming towards the Far East trades, which were voted by an impressive 57.7% of readers, or 305 out of the 529 who took part in the poll in total. In second place came the route of East Coast South America (ECSA). But the difference was more than vast, since this particular dry cargo route attracted 9.1% of votes or 48 in total. Third place was occupied by United States Gulf (USGF), with 41 votes or 7.8 percent of the whole. East Med (EMED) and American Pacific (AMAG) followed with only a vote between them, while Red Sea-Persian Gulf was next with 4%. It tied with the West Africa (WAFR) route which also attracted 4% of votes. As for this month’s (August) poll, which you are all welcome to join, it poses another interesting question: What percentage of the current dry bulk fleet still needs to be scrapped in order for the freight market to recover to higher levels, taking into account the global orderbook? As usual, we have provided you with a range of choices.
The issue of phasing out older tonnage is more than important in today’s market conditions and with the expected pick up in new building deliveries during the second half of the year. This could bring the Baltic Dry Index to lower levels and hinder the industry’s recovery. Every vote is enough to make a difference with the results being announced in early September.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide, Macor Shipping
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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Planning Commission, India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
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