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Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled as to what their next move should be in such a fluid market environment. Still, the industry’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, ending the session up by 0.88% to 1.262 points. But the irregularities among the various sub-segments still are the new “regularities”, with Capesizes (larger ship sizes of 150,000 tons) still earning significantly lower daily income than their smaller counterparts. Up until recently, this had been the case with Panamaxes, with the gap among the two markets, now being among the largest recorded. But, the Supramaxes good fortunes during the past couple of weeks, has helped the even smaller and more flexible ships of this type, to edge forward and surpass even the Capesize segment. The relative Baltic Supramax market is now standing at 1,418 points (+1.43% on the day), versus just 1,314 points of the Baltic Capesize Index.
According to the latest weekly report from Shiptrade Services, on the capesize market iron ore majors are once again out of play this week with new cylcones hitting major ports in Australia. “As a result hardly any fixtures were concluded. The negative freight market, further burdened by the rising bunker prices is shrinking owners returns, who more
often than not have been considering pulling their vessels out of the market until the it picks up again. On the other hand the period market has been quite active this week with good returns, as a result, it often stands as a good alternative to owners” the shipbroker said.
Regarding the booming as of late Supramax market, it mentioned that “the sentiment was positive this week in the Mediterranean, mostly for trips to the US as well as the Continent as a result of fresh cargoes entering the market and a rush of activity deriving thereof. Rates in the Atlantic mainly stayed at similar levels to last week with little fresh enquiry recorded within the Atlantic. The Pacific continued its improvement this week with much activity being directed towards India. Rates have been rising in the spot market as a result. Here too the rise in the paper market has given rise to some significant gains in the short period rates. However many doubt the longevity of this positive sentiment” it said.
As for the Panamax market, it has softened in the Atlantic since last week, with grain demand noted then from the ECSA, now fading, thus resulting in dropped rates. “In the Pacific, the sentiment was mixed with few NOPAC round being concluded while rates hovered at similar levels to last week. On the other hand, the paper market firmed up giving rise to higher returns in the short period market. Finally, in the smaller HandySize market, no significant change has been recorded since last week. The Atlantic healed more or less steady with a generally balanced supply ratio. A spike of activity was seen in the Pacific for trips to the USG and ECSA boosting rates for backhaul trips by over 20% .
In terms of ship purchasing activity, Shiptrade noted that purchase interest has been reduced compared to the previous week. “The Asia markets are holding the leading position, followed by Greek and other markets. In the dry sector, purchase interest concentrated on Handysize, Handymax and Panamax vessels. Furthermore the market is still trying to find a consensus and an equilibrium point with regard to price estimation differences between what buyers are willing to pay for vessel acquisitions and on what levels sellers are willing to sell.
In this regard it would be helpful to mention that although for quite some time we have not witnessed a deal in the late nineties built handymaxes, market rumor has it that a large Japanese handymax bulk carrier built 1996 has been committed to Asian buyers, who were willing to pay a firm very high teens for her” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
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- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Planning Commission, India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
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