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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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- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Australian Coal Association
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Planning Commission, India
- PTC India Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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