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Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) posted its first rise since the middle of January, inching forwards by a mere 0.19% to 1,045 points. The main reason for this development was the rapid recovery of the Panamax market segment, with the relative Panamax Index rising by 3.49%. By contrast, sentiment in the Capesize front was still negative, moving down by 1.39%, which means that average capesize earnings are back again to lower grounds, compared to their smaller counterparts (Panamaxes).
Brokers said a modest resumption of coal exports from Australia had bolstered sentiment. Buyers in China would also return this week from Lunar New Year holidays. "Australia is gradually coming back to life. There were disruptions in Brazil in January due to floods they are also gradually picking up momentum," said Georgi Slavov, head of dry research and structured products at broker ICAP Shipping, quoted by Reuters.
According to the latest weekly report from N.Cotzias Shipping Group, the BDI lost an additional 8.27% last week, marking its lowest point (1,043 points) since early January of 2009, when the shipping industry was still trying to recover from the financial meltdown of late 2008, which brought global trade to a halt. In its report, the Piraeus-based shipbroker said that “although the supras and handies are dropping rapidly we feel that the Capes and Panamaxes are “large” enough to push the BDI out of its misery and give it a positive start next week. 14 consecutive falling days for the BDI are with the BDI really in less than 2 months to have lost more than 65%. All other sub-indices were this week once more declining, and were all seriously red performers. It was the panamax sector that was mostly affected by the downfall, followed by the Supramax size segment that was seriously “in the red”. The larger Capes declined further recording 24 consecutive falling days, The Panamaxes record 13 consecutive negative days, while the both the Supras and Handies count 6 falling days in a row” it said.
Commenting on the Capesize market, it stated that last week’s loss stood at 5.04%, but it also predicted that with the Chinese New Year holidays getting past us, we should expect more orders for fresh cargoes inbound for China will happen. In his analysis, John Cotzias said that “more uncertainty and more unpredictability are the key essential dishes that make our daily menus. We all try to see and predict if the worst is over, of the markets may finally level out for a start and start improving, however the answer is just not there. Reasons why the markets are performing badly can not be found in all macroeconomic indicators, as the macro country data shows that the world economies are overcoming heir post crisis problems and are starting to shape up.
It is not the world industrial output, nor economic growth, nor world trade that is lacking cargoes for our shipping industry… it is just that there are already too many ships out there to be absorbed normally by the increasing at a lower pace demand for these. Add to the fact that ships vs cargoes run at an imbalance the facts that Acts of God and other political events have reshaped the world and have altered the shipping trade routes. Egypt, a political revolt, by the Egyptian people who want to fight for their right of a better tomorrow, may be the start of a series of dominoes that will hit other neighboring countries and will create even more world political uncertainty and above all enter more unknown factors in our equations that we all try to find answers to” he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
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- Australian Coal Association
- Posco Energy - South Korea
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
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