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Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
 COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure and the Panamax/Supramax and Handy size index was down by 7.19 pct , 3.65 pct and 2.57 pct respectively. The market seems to be stabilizing and the firmness which was seen in the Panamax and Supramax sector for last couple of weeks has weakened.
"Overall with the financial markets in turmoil the market has been very unsteady. It appeared that the cargo stems out of Indonesia and Australia were less", said Capt. Reddy, MD of Vistaar Shipping, Singapore.
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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4078
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3844
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234 ↑
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6.09
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Baltic Cape Index
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5217
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4317
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900 ↑
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20.85
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Baltic Panamax Index
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4247
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4576
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329 ¯
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-7.19
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Baltic Supra Index
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2982
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3095
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113 ¯
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-3.65
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Baltic Handy size Index
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1477
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1516
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39 ¯
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-2.57
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As of 28 May 2010
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The average charter hire was at Cape/US$ 57,095 per day, Panamax/ US$ 34,083 per day, Supramax/ US$ 31,176 per day and Handy size/ US$ 21,408 per day.
The Supramax index in the Fareast (S6 route) was down by US$ 696 per day and closed at US$ 26,234 per day. The ECI/China (S7) route softened by US$ 4,179 per day and closed at US$ 27,200 per day and is likely to soften further.
The futures for three years (2010-2012) was at around Cape/ US$ 32,000 per day, Panamax/ US$ 21,500 per day, Supramax/ US$ 19,000 per day, Handy size/ US$ 14,000 per day.
The congestion in EC Australian ports was at 128 vessels this week (last week 117 vessels ). The vessels waiting at main coal loading ports were at Hay point/14, DBCT/63, Gladstone/11, Abbot Point/Nil, New Castle/16 vessels, Port Kembla /1 vessel. On the WC Australia iron ore vessels waiting increased to 42 vessels (last week 26 vessels).
The waiting at Indian ports for coal vessels was quite normal around 3/4 days except that congestion starting to increase at Visakhapatnam and Haldia in addition to Paradip.
The Brent crude prices was slighlty up at US$ 74.14 per barrel (last week US$ 71.72 per barrel). The prices of bunkers was quite soft during later part of the week and closed at US$421 pmt (IFO 380 CST ex. Singapore) on 28th May 2010.
CLICK HERE for Vistaar’s forecasted (Terms & Conditions Apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
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Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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Showing 5811 to 5815 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Planning Commission, India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Petron Corporation, Philippines
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