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Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
 COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter rates at US$ 12,495 per day.
However towards end of the week , the BDI, BCI and BPI index was up and the overall sentiment seemed up. The futures also in all categories moved up compared to last week. The Panamax was up by 7.61 pct where as Supramax index was down by 8.15 pct. The handy size index was down by 5.88 pct.
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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1720
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1902
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182 ¯
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-9.57
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Baltic Cape Index
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1676
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2102
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426 ¯
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-20.27
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Baltic Panamax Index
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2092
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1944
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148 ↑
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-7.61
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Baltic Supra Index
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1669
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1817
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148 ¯
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-8.15
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Baltic Handy size Index
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994
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1003
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59 ¯
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-5.88
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As of 16 July 2010
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The poor demand of iron ore and coal by china seems to be the main reason for the soft market. With the steel prices still under pressure the iron ore imports may not increase much.
The iron ore ex. India has been extremely low and several ships have been seen ballasting out of India. It will be interesting to see whether the increase in the BDI and BCI will continue and how long will it be able to hold.
The average charter hire was at Cape/US$ 12,495 per day, Panamax/US$ 16,839 per day, Supramax/US$ 17,448 per day and Handy size/US$ 13,859 per day.
The Supramax index in the Fareast (S6 route) was down by US$ 1,270 per day and closed at US$ 16,810 per day. The ECI/China (S7) route further softened by US$ 2,202 per day and closed at US$ 15,165 per day . The S6 route is likely to firm up next week.
The futures for three years (2010-2012) was at around Cape/US$ 24,000 per day, Panamax/US$ 19,000 per day, Supramax/US$ 17,000 per day, Handy size/US$ 13,000 per day.
The congestion in EC Australian ports was at 121 vessels this week (last week 116 vessels). The vessels waiting at main coal loading ports were at Hay point/4, DBCT/59, Gladstone/10, Abbot Point/nil, New Castle/47 vessels, Pot Kembla/1 vessel. On the WC Australia iron ore vessels waiting increased to 31 vessels (last week 40 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 almost at same levels at usd 75.20 per barrel (last week usd 75.61 per barrel). The bunker prices also firmed up and IFO (380 pcrices) ex Singapore and was at usd 446.00 pmt (ifo 380 cst ex Singapore) on 16th 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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Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
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Showing 5736 to 5740 news of total 6871 |
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- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- PTC India Limited - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
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