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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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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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Showing 5746 to 5750 news of total 6871 |
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- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- The Treasury - Australian Government
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