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Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respectively. The BDI was also down by 16.58 pct and closed at 1,902 points.
The Supramax and Handy size index was down by 8.92 pct and 10.29 pct respectively. The main reason seems to be due to pressure on steel prices and slowing down of imports by China.
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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1902
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2280
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378¯
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-16.58
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Baltic Cape Index
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2102
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2627
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525 ¯
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-19.98
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Baltic Panamax Index
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1944
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2447
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503 ¯
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-20.56
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Baltic Supra Index
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1817
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1995
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178 ¯
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-8.92
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Baltic Handy size Index
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1003
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1118
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115 ¯
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-10.29
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As of 9 July 2010
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"It appears that the situation may continue for next couple of weeks", said Capt. Reddy, MD of Vistaar Shipping, Singaproe. He further said, "the iron ore exports out India has also been severely affected. However it appears the markets has almost is almost bottomed and may not go much further down".
The average charter hire was at Cape/usd 17,643 pday, Panamax/usd 15,679 pday, Supramax/usd 18999 pday and Handy size/usd 14,736 pday.
The Supramax index in the Fareast (S6 route) was down by usd 1,506 pday and closed at usd 18080 pday. The ECI/China (S7) route softened by usd 1,981 pday and closed at usd 17,367 pday and seems both these routes are likely to be soft for next 2/3 weeks.
The futures for three years (2010-2012) was at around Cape/usd 25,000 pday, Panamax/usd 19,000 pday, Supramax/usd 17,000 pday, Handy size/usd 13,000 pday.
The congestion in EC Australian ports was at 116 vessels this week (last week 116 vessels ). The vessels waiting at main coal loading ports were at Hay point/5, DBCT/54, Gladstone/5, Abbot Point/2, New Castle/48 vessels, Pot Kembla/2 vessel. On the WC Australia iron ore vessels waiting increased to 40 vessels (last week 34 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 Paradip.
The Brent crude prices was sharply up at usd 75.61 per barrel (last week usd 71.84 per barrel). The bunker prices also firmed up and IFO (380 pcrices) ex Singapore and was at usd 439.50 pmt (ifo 380 cst ex Singapore) on 9th July 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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Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
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Showing 5731 to 5735 news of total 6871 |
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- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- VISA Power Limited - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
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