We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the “minus” area. Yesterday, the BDI ended down by 0.14% to 2,096 points, marking the fifth straight loss for the index. As it turns out, the gains witnessed in all other ship segments are offset by the negative impact of the capesize market.
According to a report released yesterday from Fearnley’s, there are currently hard times for capesize owners as levels – physically as well as derivatives – have dropped drastically across the board. “Spot demand is simply not enough to absorb the massive number of new entries that come in addition to the existing fleet. Average spot earnings down close to 25% w-o-w, coming in at around usd 26k. Pacific is hard hit in particular, with rates for rounds falling by almost 35% to usd 18k. Atlantic is holding up better, as the ballasters from Far East take most of the general beating – the North Atlantic tonnage/cargo balance is healthy in comparison. A few brave operators dare to book period tonnage despite the overall trend, with usd 28500 done just before diving into the abyss on 180kdwt/2009 for 12 months delivery China 5/15 Dec, also 172kdwt/2001 done for 3-5 months at usd 25k delivery retro China 14 Nov.
Uncertainty as to whether market about to find a floor or if this is turning into a complete collapse” warned Fearnley’s into what could become a very negative end to yet another turbulent year for the dry bulk shipping sector.Still, despite the Capes losses of 1.41% yesterday (on top of a near 6% loss the day before), all other smaller ship types appear on the upside, with Supramaxes proving to be the most resilient, as a result of increased coal trade. As for the Panamax market, it is now being fueled by some fresh orders and a lack of prompt tonnage, with the Atlantic market maintaining a positive trend this week.
Fearnley’s said that “TA rounds going in the low 20´s and Continent positions even able to reach mid 20´s. Fronthaul fixed at healthy 29k via Cape of G Hope. In the eastern hemisphere there is oversupply of tonnage and despite a fair amount of fresh coal requirements the market is sliding in the mid teen area. Short period market not very active, typically 4-6 months fixed at 18500. The sentiment has lost some optimism by the recent downturn in the Cape market and a slow decline on FFA´s – despite some signs of a recovery mid week. A relevant question is whether we are already facing a slow down for the coming X-Mas season” mentioned the shipbroker.
In earlier reports, this time from N.Cotzias Shipping Group, it appeared that the Handysize/Handymax era of troubles could very well be over. The Piraeus-based shipbroker said that what is worth mentioning is the stop of the very long constant falling run of the Handies that had recorded more than 34 days of negative Baltic Exchange sessions. During the course of the previous week, the first gains were recorded, while things have also kept improving during this week as well. Cotzias said that the Handies had experienced a two month fall, that reduced the relative Baltic Exchange’s index by more than 300 points and in percentage terms more than 30%.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
|
|
|
Showing 5491 to 5495 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- The University of Queensland
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
|
| |
| |
|
