We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...
Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...
Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...
Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 ...
Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
|
|
|
Showing 5401 to 5405 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
|
| |
| |
|
