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Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
 COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size which dropped by 1.29 pct.
Lack of capsize activity over last 2 weeks due to iron ore price negotiations seems to be the main reason. The average T/C of capsize has dropped to US$ 28,542 per day. The Panamax and Supramax dropped by 8.72 pct and 9.63 pct respectively. Ships opening Fareast seem to be struggling for cargoes. However Supramax vessel opening in South East Asia were seen fixed at US$ 30,000/32,000 per day for Indonesia/India for 2 Laden legs, where as for single trips they have been fixed at around 21/22,000 per day.
BDI (Baltic dry index changes)
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BALTIC DRY INDEX CHANGE
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This week
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Last week
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Change
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Change %
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Baltic Dry Index
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3098
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3379
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282¯
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8.32
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Baltic Cape Index
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3244
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3522
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278 ¯
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7.89
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Baltic Panamax Index
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4965
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4344
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379 ¯
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8.72
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Baltic Supra Index
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22647
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2929
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282¯
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9.63
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Baltic Handy size Index
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1449
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1468
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19 ¯
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1.29
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As of 26 March 2010
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“The Supramax out of WC India was very firm and ships were fixed at US$ 50,000 per day”, said Capt. Reddy, MD of Vistaar Shipping, Singapore.
The average charter hire was at Cape US$ 28,542 per day, Panamax US$ 31,872 per day, Supramax US$ 27,677 per day and Handy size US$ 21,111 per day.
The Supramax index in the Fareast (S6 route) softened by US$ 4,370 per day (down by 15.39pct) and closed at US$ 24,010 per day. The ECI/China (S7) route also softened a bit by US$ 1,985 per day (down by 5.06 pct) and closed at US$ 37,213 per day.
Ships from WC India to china continued to be fixed at healthy levels at around US$ 50/52,000 per day .
The futures for three years (2010-2012) was at around Cape US$ 29,000 per day, Panamax US$ 21,000 per day, Supramax US$ 18,550 per day, Handy size US$ 14,000 per day.
The congestion increased to record high to 178 vessels at Australian ports in the EC for coal loading ports. The main reason was tropical cyclone and Force Majeure declared at Hay point (last week 158 vessels ). The congestion is likely to continue for some weeks. On the WC Australia iron ore vessels waiting was at 24 vessels (last week 27 vessels).
The waiting at Indian ports for coal vessels was quite normal around 3/4 days , except for Paradip and Haldia where congestion continues due to slow clearance of cargoes from the port due to railway wagon shortage.
The crude prices was almost at same levels as last week and end of the week on Friday closed at 79.30 per barrel (last week at US$ 79.79 per barrel) . The prices of bunkers was slightly almost same at 460 pmts (IFO 380 CST ex Singapore) on 26th March 2010.
CLICK HERE for Vistaar’s forecasted (Terms & Conditions Apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
VISTAAR SHIPPING, SINGAPORE
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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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Showing 5911 to 5915 news of total 6871 |
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- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
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