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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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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
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