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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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Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
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