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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, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
Wednesday, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
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- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
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