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Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand, the market’s retreat to well under 2,000-point levels can be seen as a good sign since the new year will begin on a low end, leaving enough room for growth during the following months.
On the other hand, one can’t ignore the fact that a flurry of newbuildings have been “choking” the market in recent months, not letting freight rates increase despite healthy demand, apart from seasonal situations.
According to a weekly report from Shiptrade Services, “capesize vessels are still feeling the pressure felt during the previous week and the information continues to be varying as far as the beginning of the year is concerned. Charterers were not really chasing after vessels to fix and on the other hand Owners were reluctant in coming with lower numbers to secure a fixture. As a result, the Index was once more following a downward track.
Pacific had started off the week with a little more action as opposed to the other areas, but the Charterers were actually idle, only reaching out for the discounters. This general stand-still has closed the week with few fixtures reported and even less agreements on the Period Market”.
As far a Panamaxes are concerned, they “woke up on a promising Monday morning, especially for the ones positioned in the Atlantic. Both Charterers and Owners were quite active in fixing before the holidays, which kept the numbers and general sentiment at similar levels as the previous week.
Unfortunately, the Pacific Ocean was not here to add-up to this positive feeling, as the tonnage in the area was considerably over the available cargo that was to be shipped before the end of the Year. As a result, the BPI was seen losing about 180 points, also showing very few period fixtures, most of them on short term basis” said Shiptrade.
Meanwhile, the recent resilience exhibited by the supramax segment, wained down. “All areas were considerably slow and had very few activity to show both on the spot and period market. Charterers with business ex Atlantic, have managed to push numbers down, especially for the cargoes to the Med, now looking at a rather disappointing 9.000 $. Longer trips to the Far East have managed to drop less than the other routes, but the number of vessels ballasting to grab these cargos do not sound like a good prospect for the rates. The Pacific Market was even worse, with a large number of vessels fighting
over a small number of cargoes. Charterers were actually seen silent, as the fight between the vessels was doing the work for them, by lowering the hire levels and only the ones that were here to seriously discount were the ones to sign a fresh CP. The only area that was resilient in this drop, was the Indian Ocean that showed some activity at levels slightly under last week. Indonesia on the other hand was definitely not considered as a loading area, as rain was the main factor to delay shipments and cancel vessels. Low numbers were the reason for some Charterers to come-our looking for period tonnage, but most of the Owners were not here to meet Charterers’ desired levels” said the shipbroker’s report.
Perhaps not surprisingly, it was the smaller Handysize segment that came out stronger than the other sizes, with minor losses as a general sentiment. “Although there are a good number of vessels waiting or sailing towards the loading areas, it seems like the available cargo has managed to keep this size rolling with limited drawback.
Both the Atlantic and the Pacific Basins have been fixing vessels at pressed levels, but not to the extent of the other sizes. Owners were once again facing some resilient Charterers, but did not face the competition a Supramax would come across in the Far East for example.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
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