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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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Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
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- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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