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Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry benchmark for rates in the dry bulk shipping segment -- has pulled back since breaking above 3,500 for the first time since December earlier this month. The index remains well off its November high of more than 4,650, but Credit Suisse is bullish on select dry bulk stocks, citing economics related to the recent shipping rates for Capesize and Panamax vessels.
The firm called Diana its top pick in the segment, and suggested that Genco Shipping & Trading's "significant short interest" could get squeezed in the event of a BDI reversal.
A rebound for the benchmark would mean good things for the laggard Dry Bulk Shipping Stocks Index. As a whole the Index has trailed the S&P 500 by -6.5% over the last month, and the majority of its components remain more than -25% off their 52-week highs.
Excel Maritime Carriers, pro-favorite DryShips, Omega Navigation Enterprises, and OceanFreight all closed -50% or more from their respective one-year high water marks on Friday.
The shorts weighed on Genco as well as Eagle Bulk Shipping last week as the stocks slipped by more than -4% in five sessions. It will be interesting to see whether Credit Suisse is on target with its BDI optimism, and whether it's enough to scare some bears into covering their bets.
As of this writing, the Dry Bulk Shipping Stocks Index is one of the 15 worst-performing tickerspy Indexes over the last month, down by -1.2%.
Source: Indie Research / Hellenic Shipping News
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Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
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Showing 5916 to 5920 news of total 6871 |
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- Commonwealth Bank - Australia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
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