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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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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
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