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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is pretty obvious; any additional supply is hurting the market’s chance of a recovery in rates, with the dry bulk industry’s main benchmark, the Baltic Dry Index (BDI) having nosedived for 35 straight session, losing more than 55% of its value back in late May.
As a result, some owners have even pulled out some of their vessels from the market. With June proving to be a rather challenging month in terms of vessel earnings, older carriers could have been led to scrapyards for sale, given the higher offers their owners could receive. Still, as the latest monthly demolition report from shipbrokers Golden Destiny indicates, last month saw the sale for scrap of 79 vessels with a total deadweight of 1,605,994 tons, a negative monthly change of 22.5%. Market analysts who spoke to Hellenic Shipping News Worldwide earlier said that one reason for that, was that older dry bulk vessels, could still earn good profit in the spot market, holding their rates better than their modern counterparts.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
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- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
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