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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, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Planning Commission, India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
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