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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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Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
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- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
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