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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, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
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- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
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