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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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Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
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- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
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