We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
 The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) rising this year. yesterday, the BDI (Baltic Dry Index), the market’s benchmark, retreated by 22 points to just 790 points, flirting with the lowest levels of this year, reached back in February. Supramaxes were the main driver of yesterday’s fall, as the relative index retreated by 40 points to 906. Similarly, all other ship markets were down on the day, with the Capesizes losing 12 points (1,192 points), the Panamaxes retreating by 17 points to 823 and the Handysizes, as always showing smaller volatility signs, losing just 3 points, to 535. What’s more notable is the fact that the dry bulk market has been on a slide for more than two weeks, with most ship owners looking for some respite in the coming weeks through to September.
According to the latest report from shipbroker Fearnleys, in the Capesize market the general trend is for, “more ships and overall lack of cargoes. It was however a minor rush in the middle of the week out of west Australia, resulting in freight rates excess USD 7 pmt for this route as well as creating some positive wibes in the market, but only short lived. Fronthaul remain more or less unchanged, but a lack of fixtures. A couple of fixtures for short period in the low 9,000s” Fearnleys said. Similarly, Shiptrade had earlied noted that “the market dropped throughout the week for capes with the BCI closing at 1200 decreased by 9 points whereas the average of the 4 TC routes fixed at USD 4,346 reporting a reduction of more than USD 300 compared to last week. In the Atlantic basin, the fronthaul trade declined by USD 500 fixing at USD 21,500 mainly due to lack of fresh requirements whilst the transantlantic round trips ended up at USD 4,250 decreased by USD 250. The same negative sentiment in the Pacific basin with the round trips fixed at USD 4,250 levels. The Australian iron ore trade kept playing a determinant role covering many vessels but not enough in order to increase rates. Period activity fixed at USD 9,250 levels, considerably decreased” it mentioned.
In the Panamax market, Fearnleys said that “the holiday season is now seemingly in full swing and we have experienced yet another slow week. Overall the market maintains its slow but steady decline with lack of fresh cargoes and a growing fleet list. Atlantic rounds are now being fixed at 6000 level DOP or on APS basis. Reduced activity also from South American where rounds have been done around 14,000 and 400k GBB. Activity in the Pacific is slow with NOPAC rounds in the 6000 range including Indonesia and Australia business. Period activity is low as the sentiment is suffering from lack of confidence. Short period levels at 8000 and 1 year closer to 9 for efficient and flexible tonnage” the shipbroker said in its weekly report.
Finally, in the Handysize/Supramax markets, Fearnleys stated that “the bearish sentiment is still prevailing in the market, regardless the areas/trades. Now it is only possible to get the rates close to USD 20k daily for the Baltic/Black Sea/USG to Far East voyages only. There is not much available in the USG/Continent route, it is paid less than USD 15k now. Average of TC routes is close to USD 10k, which is still impressive compared to Panamax equivalent. Period activity is scarce, one year employment was fixed at USD 9500 a day. The Pacific market has been falling. For Indo-India, large eco Supra now fixed at USD 5500 for dely mid China. Nopac also fixed bss APS at USD 7k + BB USD 300k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9500 for large Supra” it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
|
|
|
Showing 4626 to 4630 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- The University of Queensland
- Bhatia International Limited - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
|
| |
| |
|
