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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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Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
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- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- The University of Queensland
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
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