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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, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
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- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Videocon Industries ltd - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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