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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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Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI ma ...
Wednesday, 27 April 11
KEWESPO CALLS FOR 765KT OF THERMAL COAL
COALspot.com - South Korea's East-West Power Co's (KEWESPO) has issued a tender to buy total 765,000 tonnes of thermal coal for delivery between J ...
Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year ...
Wednesday, 27 April 11
TSIS $5 MILLION PLANT TO START PRODUCING UPGRADED COAL - THE JAKARTA POST
The Jakartapost reported that, PT Total Sinergy International (TSI), in association with Agritrade Resources Limited of Hong Kong, will upgrade its ...
Wednesday, 27 April 11
RAIN CONSIDERS COAL MINES TAKEOVER - INSIDER STORIES
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmine ...
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- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
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