We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
 The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a falling pattern since late May. Since then it has been steadily retreating for the year highs – and indeed its post-crisis highs – of more than 4,300 points, down to yesterday’s 2,018 points, the lowest level since May of 2009. Yesterday, the index lost an additional 5.12 percent, or 109 points, to 2,018 points in its 30th straight losing session. Both the capesize and the panamax segments have been suffering, losing further ground, by 7.17% and 5.02% respectively.
Shipbroker Fearnley’s latest weekly report, commenting on the capesize market said that average spot market levels have fallen some 20% to present some usd 19k over the last week - and whilst most players expect a recovery at some stage, there is no light at the end of the tunnel yet as tonnage keeps piling up for a very limited volume of fresh business. The continuing softening is particularly felt on the fronthaul trades, where ballasters have seen their daily income cut by some usd 8k to come in around usd 17k. The shorter rounds in Pacific are just slightly better off, standing at usd 16k after taking a usd 4k/day blow. No period fixing worthy of mention - even though several majors are there to secure tonnage for short/medium duration at almost 50% premium to spot levels”.
Similarly, on the panamax segment it said that “we have experienced a free fall in rates across the board for Panamaxes the last week. For the 28th day in row the BDI declined. The lack of cargoes compared to available ships causing owners to offer lower than what´s last done in order to secure employment. At the same time we see fresh cargoes in the market, but it is not sufficient. Many believe we will not see a turn in rates until the grain season in the US kicks off, and for now coal is the main driver with some sporadical grain and iron ore cargoes. Tarv now getting mid teens and trip to Far East was done at a healthy $26k.
In the Pacific round trip´s paying mid/high teens. In China the Shanghai Consumer Index took a beat after concerns for the Chinese economy and slow recovery of the global financial crisis and yesterday the Chinese government stepped into the market to help the economy further” the broker said.
Meanwhile, in a separate analysis by BIMCO’s shipping analyst Peter Sand points out to the slowing pace of the Chinese economic growth, as evidenced by the latest manufacturing indices.
“This development, should it be permanent, is on course to have repercussions into the demand for shipping tonnage going in and out of China. China Manufacturing purchasing managers’ index (PMI) released on 1 July by HSBC and Markit Economics fell to 50.4 in June, from 52.7 in May. Meanwhile a government PMI showed a slowdown to 52.1, from 53.9, both of them are indicating that manufacturing grew, but at a slower pace as compared to the month before.
Several key sub-indices from the Markit survey fell below 50 (a reading above 50 indicates growth), including output, new orders, new export orders, and both input and output prices. Prices coming down are reducing the overall inflation pressure on the economy and thereby the risk of overheating is coming a bit off. The indices were expected to drop as policies to curb lending to the red-hot property market continue to impact manufacturing negatively coupled with the European debt crisis spreading bad sentiment on business and bringing worries as to the sustainability of European recovery” BIMCO’s analysis said.
According to Peter Sand, “a more modest rate of growth in this leading indicator might affect global shipping sentiment and spread worries that China may be less of a driver in coming months than what we’ve been used to following the strong stimulus-driven recovery in China.
Slowing growth in the manufacturing sector is generally bad news for dry bulk, tankers and container shipping segments. As construction is an important part of manufacturing, dry bulk demand could slow further down in coming months”, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
|
|
|
Showing 5736 to 5740 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
|
| |
| |
|
