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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, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- The University of Queensland
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
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