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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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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 ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
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