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Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
 With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the dry bulk market as observed through the industry’s benchmark, the Baltic Dry Index (BDI) seems to be regaining its positive edge to rise to 2741 points, or by 28 points. For the most part, this increase was attributed to the rapid increase of the capesize segment of the market, which rose to 127 points or 3643 for the BCI (Baltic Capesize Index) In a relative weekly report, shipbroker Fearnley’s said that there was more uncertainty in the capesize market in the beginning of the week with London off and a clear lack of activity. However with everyone back in office, activity picked up and rates improved, with West Australia-China presently being done at mid usd 11 pmt and for fronthaul owners asking in the high 20s pmt with last done around usd 28. Period rates remain stable. The India business is back after monsoon period, and various operators reappearing in the market” the broker noted.
As for the Panamax market, there wasn’t a lot of business reported in the beginning of the week, for the same reasons as above. “But sentiment is rather sentiment is rather bullish across the board. Seems the increasing rates we have experienced the last couple of weeks have found its support in the FFA market. As pointed out earlier the rate increase has not had an explanation in the physical trade - but rather looking at Q4 figures in the FFA market has given ows/chrts confidence to fix short periods which in turn has helped the physical market. Grain cargoes out of USG and ECSA are starting to show themselves in the market for very end Sept and early Oct dates. The reason for the delay is that the big grain houses cvrd their first stems with all the short periods they took in some 2/3 weeks ago. Tarv getting mid 20/s lvl, Fhauls mid/low 30/s, and a Pac round low teens” Fearnley’s said.
Meanwhile, in the smaller handy segment (in terms of ship size), last week has a bullish undertone in the Atlantic, “but this was quickly put a damper on – as activity is slow this week and not much fresh enquiry. Insisting signals that a deeper recession will be hitting Europe and USA, the UK banking holiday on Monday added to the subdued tone felt this week. Indexes were all negative (except Cape) thus confirming that the momentum of the last weeks has (momentarily) stalled and we are up for volatile markets in Q4. Rates are at mid/high teens for t/a rounds on Supras (quite low) and in the 30/s for trips FEast. Outlook: stable. F.East; There is an air of uncertainty in the market and a slow start to the week with England/s Bank Holidays, tonnage supply remains healthy and rates continue to slide. Short period interest still remains firm at the low to mid 20 level. For a NOPAC round fixtures have been reported in the high teens while owners are aiming early 20/s for Indo RV/s and around the mid teen level for N.China via Indo to India” the broker concluded.
Nevertheless, August ended on a record, as far as capesizes are concerned, with the relative index rising by a whopping 130 percent, the highest since the 212 monthly gain recorded back in May of the previous year. This development is a clear indication that the dry bulk market has been as volatile as it was during 2009, with the latest series of ups and downs, being recorded since March-April (ups) and then from the end of May until mid July (downs), bringing the market from 4,300 points down to 1,700 points and back to today’s levels of more than 2,740 points.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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Showing 5626 to 5630 news of total 6871 |
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- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Marubeni Corporation - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
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