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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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Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
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