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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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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- PTC India Limited - India
- Latin American Coal - Colombia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
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