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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
 The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise has been modest, contrast to the series of decline that the industry’s benchmark, the Baltic Dry Index (BDI), showed during its downfall, when in 35 straight loss-making sessions it lost 60% of its value. Today, the market stands at 1,967 points, rising 1.29 percent on Friday.
Another positive fact was the continuous support that the capesize segment has been finding as of late. Now, average freight rates for capesizes stand at $ 14,965, higher than the $ 9,300 per day, reached in mid July. But, it’s still a very long and doubtful climb back at $ 55,000/day that those vessels had reached by late of May this year. Even so, it’s lagging severely from the smaller in size panamax ship type. Panamax vessels now earn $ 21,155 per day on average, which is a serious gap. According to remarks quoted by Reuters, made by Braemar Seascope, “the situation has been positive this week, although the atmosphere remains fragile due to uncertainty derived from the obvious scenario of lack of cargoes and an ever increasing oversupply of (capesize) ships.
Meanwhile, industry observers have been closely watching the situation in India, where the southern state of Karnataka, which stands for almost 20% of the country’s iron ore production, is looking to ban iron ore exports from ports, a move which if materialized, it could change trade patterns of iron ore trade. This would mean that shipowners could see more ore shipments from Australia and Brazil to China, a development that would affect freight rates, especially in the capesize segment, bringing more degree of support as a result of the longer ton-mile journeys.
In the second hand market, as well as the demolition front, things were pretty active last week. According to a weekly report from Piraeus-based shipbroker Golden Destiny, 20 sales were reported in the secondhand and demolition market. “The highest activity has been recorded in the newbuilding market with 44 orders reported in total. The secondhand market has been marked with almost 57% negative yearly change with 9 vessels reported to have changed hands this week equalling to a total amount of money invested around US$ 78,500,000, one enbloc tanker S&P transaction reported on private terms.
In the demolition market, 12 vessels have been headed to the scrap yards of total deadweight 693,369 tons, while in 2009 9 vessels reported for scrap indicating a positive yearly change of 33.3% In the newbuilding market, 44 vessels reported to have been ordered equalling to a total deadweight around 1,702,860 tons. The dry sector has held the largest share of newbuidling contracts with 24 bulkcarrier transactions equaling to a total deadweight of 1,505,860 tons, with kamsarmaxes being the most popular vessel type.
The Greek presence has been noticed this week only in the newbuilding market in the bulk carrier sector with no new orders placed but replacement of cancelled tanker orders, originally contracted at the end of 2007 and 2008, with kamsarmax bulk carriers. Chinese presence seems to start calm down and in the newbuilding market as only a 4 units order reported placed this week, for kamsarmax bulk carriers, in domestic yard for a total amount of money invested around US$ 134,000,000” Golden Destiny said.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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, ...
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- Bangladesh Power Developement Board
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- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
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- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
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- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
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- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Parliament of New Zealand
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- SMC Global Power, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
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- Attock Cement Pakistan Limited
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- Power Finance Corporation Ltd., India
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- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
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- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
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- Jorong Barutama Greston.PT - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
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- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Planning Commission, India
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- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
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- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
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- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
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