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Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend, with the industry’s benchmark, the Baltic Dry Index (BDI) beginning the year exactly like it ended. The BDI was down yesterday by 80 points to reach 1,693 points, among the lowest it’s been since 2009.
Wha’t even more disappointing this time around is that the downward pressure made no exceptions whatsoever as to which sectors it will affect. All various ship segments were down yesterday, reflecting a slump of demand across the board, with the most resilient market until now, the Supramax one taking most of the heat.
According to the latest weekly report from Shiptrade Services, the Capesize market has remained subdued, as was expected. “All fixtures intended to be concluded before the end of the month, were covered in the previous week, leaving very little to report this week. The adverse weather conditions in Australia which have created a chaos across many ports and upset coal exports, has also influenced the market negatively. Prices contracted remain on the same levels as last week.
In the Panamax market the same theory applied as activity was also low. The Pacific is still seeing an overcapacity issue which paired with the current limited demand, is keeping the sentiment down. On the contrary the Atlantic is being maintained on healthier levels. Transatlantic trips are still hovering around the low 20s as per last week. The Supramax sector was also quiet this week. No fresh enquiry was recorded in the Mediterranean and Black Sea. The market seems to have adopted a passive approach as most seem eager to see what the next week will bring. Owners in the Far East have been fixing their vessels on levels similar to the previous week where the opportunity arises, but this is very infrequent and they generally prefer to wait until further enquiry enters the market into the New Year, said the shipbroker”.
In a separate report from Bloomberg, Queensland’s floods are expected to further reduce dry bulk rates, as buyers of Australian coal are already cancelling ship charters. According to the story, “Queensland ships about 180 million metric tons of coal a year, or about a fifth of the global total, according to Sverre Bjorn Svenning, an analyst at Fearnley Consultants A/S in Oslo. The dry-bulk fleet grew 17 percent last year, outpacing an 11 percent increase in haulage demand, the research unit of London- based Clarkson Plc, the world’s biggest shipbroker, estimates.
Total seaborne trade in dry-bulk cargoes, spanning coal, iron ore, grains and other commodities totaled 3.3 billion tons last year, Clarkson estimates.
In terms of ship acquisitions, Shiptrade reported that sales were at very low volumes, whilst there weren’t any price changes. With the absence of BDI reports since Christmas Eve, purchase enquiries declined merely due to seasonality. “However, based on individual regions changes since last week were not dramatic. In the bulker sector Handy size vessels were the popular with Handymax and Panamaxes following closely. In the wet sector MR tankers dominated purchase enquiries whereas other sizes ranged from very low to null levels.
Among the two reported sales was a resale Supramax from STX Dalian yard in China with delivery in 2011. The price is said to be USD 32 Mill but the buyers remain undisclosed. VLCC tanker “Front Shanghai” (271,978 DWT built in 2006 in Nantong, CHN) was reported sold for xs USD 91,25 bill with TC bacl at 35,000/day for two years to undisclosed buyers”, said Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping
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Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
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- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
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