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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
 The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points versus the previous week. As a result, August’s monthly average is now at 2417 points, significantly improved over last month’s average of 1910 points. According to a weekly report prepared by N. Cotzias Shipping Group, the BDI is set to increase before year end and possibly peak beyond the 5,500 points mark. “For this increase to be effective some resistance levels have to be met and surpassed and some other conditions have to be met”. Commenting on this week’s performance of the market, the Piraeus-based shipbroker said that it was a mixed feeling week, a breather. “The larger capes and panamaxes suffered minor losses and the smaller supramaxes and handymaxes posted minor gains. Overall the general index fell and the overall sentiment is that the overwhelming increased was too rapid and had to correct somehow. Still there are many ships chasing lesser/fewer cargoes and this imbalance of the market is self]implicated and will sooner become far worse than better. Have owners been shooting at their own feet? Definitely yes!” the broker mentioned.
Still, the shipping markets seem to have regained a great share of the heavy losses encountered during the first two months of this summer period and “before August says “kalo xeimona” - a Greek traditional wish for a pleasant winter - to us, we will be in a positive situation where we recovered a great percentage share of the heavy losses in both the indices and actual daily freight hire. The shipping markets were greatly assisted, by the added momentum that were offered in the past 2 weeks by the Capes and the Supramaxes. However the underlying global market fundamentals still pose a great degree of an uncertainty level although overall the picture looks much better than 2 months ago. China has imposed their game rules in the iron/ore pricing agreement, and the country’s size and import appetite on its own have such great weight that they can and have brought the per tone prices to the desired levels. Russian grain exports embargo/ban went into action as from the 15th August until 31st December 2010, and the Russian exports will be limited to 60]65 million tones for 2010 as opposed to 97 million tones for 2009. This is a serious quantity reduction that will be needed to be shipped from alternative locations and this will definitely act positively on shipping freights as the per ton mile cost will increase. A notable slowdown in period and time charter fixtures was noticeable this week and a total of only 84 fixtures were recorded compared with 112 of last week” Cotzias said.
Meanwhile, in a separate report by shipbrokers Golden Destiny, last week ended with 29 sales reported in the secondhand and demolition market. The highest activity has been recorded in the newbuilding market with 48 orders reported in total. “The secondhand market has been marked with almost 52.17% negative yearly change with 11 vessels reported to have changed hands this week equalling a total amount of money invested around $185,800,000. In the demolition market, 18 vessels have been headed to the scrap yards of total deadweight 356,048 tons, while in 2009 14 vessels reported for scrap indicating a positive yearly change of around 28.5%. In the newbuilding market, 48 vessels reported to have been ordered equalling a total deadweight around 4,490,500 tons. The dry sector has held the largest share of newbuilding contracts, equalling a total deadweight of 2,154,500 tons, with kamsarmaxes being the most popular vessel type. The Greek presence has been noticed this week in the secondhand market with 2 transactions, one in the handysize bulkcarrier sector and one in the MR tanker sector, and in the newbuilding market with 5 transactions, 1 in the kamsarmax bulkcarrier sector, 2 in the handysize bulkcarrier sector and 2 in the container handy sector. The cumulative amount invested by Greeks can be calculated only in the secondhand market, which was $ 11,000,000 , since in the newbuilding market the relevant information has not been disclosed” Golden Destiny concluded.
Source: Nikos Roussanoglou / Hellenic Shipping
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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Planning Commission, India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
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