We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the freight rate this week. According to the industry’s benchmark, the Baltic Dry Index (BDI), the week ended with a small loss of 1.27% at 2727 points, with Friday being the only positive session after five straight losing ones. According to shipbrokers, this week could be a better one, with cold weather in China seen as the major contributing factor to a potential increase of coal demand. Meanwhile, the capesize segment of the market managed to stay ahead of the pack, with Chinese iron ore demand retaining freight rates to very firm levels (weekly gain of 0.64%), while average earnings are now at a healthy $45,657 per day.
According to Arctic Securities, a a drawdown of iron ore inventories in China and high domestic prices were likely to lead to high iron ore imports the fourth quarter. In its weekly report, N.Cotzias Shipping Group mentioned that although this week’s changes were minimal, high volatility is the key of all markets and the constant upswings followed by quick rapid downfalls that are mostly recovered within the month, have caused a greater degree of uncertainty to the market. “Deals are performed but the overall question of most shipping investors is that these shorter term volatility fluctuations don’t really pose investment opportunities based on “proper timing”. How can you time your investments when secondhand prices are considered to be on the “high” side remaining fairly stable and don’t have the time to follow the ups and downs of the freight markets? In any case what can still be considered a blessing is that the dry bulk market daily earnings are well above any critical survival levels and only expensive ships acquired during the Feb 2007 - Jul 2008 period with a greater degree of leverage, can be considered as possible “sufferers” even at today’s rates” the shipbroker said.
In terms of deals, Golden Destiny reported 31 sales in the secondhand and demolition market this past week. The highest activity has been witnessed in the newbuilding market with 25 orders reported in total. In the secondhand market, 20 vessels reported to have changed hands this week equalling a total amount of money invested around of $367,250,000, with only 1 transaction reported on private terms. In terms of reported number of transactions, the S&P activity has been marked with a 35% negative w-o-w change while is standing at same levels of previous year’s weekly S&P activity in terms on number of transactions. The bulkcarrier sector attracted most interest from the investors’ side, with an investment capital of $274,400,000, around 74% share of the total invested capital in the S&P secondhand market.
“In the demolition market, 11 vessels reported to have been headed to the scrap yards of total deadweight just 443,712, with the most of activity being concentrated on India. In terms of reported number of transactions, the Demolition activity has been marked with 57% positive w-o-w change whereas the demolition activity mostly concentrated on smaller size vessels. In terms of scrap rates, the highest scrap rate has been achieved this week in the dry sector by India for two Ro-Ro / passenger vessels at $ 465/ldt.
At a similar week in 2009, just 3 tanker vessels were reported for scrap equalling a total deadweight of around 172,278 tons, two of them headed Bangladesh and one Pakistan, at a price around $320-330/ldt The Greek presence has been noticed this week in the secondhand market with 5 transactions reported, three in the bulkcarrier sector, one in the tanker sector, however the company is US listed and one in the Gas tanker sector, equalling a total amount invested around US$ 140,600,000, while in the newbuilding market just one order for four Post Panamax Containers was reported at private terms.
In the newbuilding market, 25 vessels reported to have been ordered equalling a total deadweight of 2,975,300 tons, while at similar week in 2009 15 orders have been reported, 10 in the bulkcarrier and 5 in the Tanker sector. The total invested capital in the newbuilding business estimated to be around of of US$ 1,019,800,000, while 16 transactions reported on private terms. In terms of reported number of transactions, the newbuilding business has been marked with a 47% positive w-o-w change with Bulk carriers, Tankers and Containers being in the front line. This week the Greek presence was noticed in the Container sector, with an order for 4 8,500teu vessels, contracted at private terms, however the deal is rumoured to have some subjects attached” reported Golden Destiny.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
|
|
|
Showing 5611 to 5615 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- VISA Power Limited - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
|
| |
| |
|
