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Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, Director Vistaar Shipping, Singapore. The BDI started to fall from 26th May 2010 when it was at 4,209 points and reached 1,720 points on 15th July 2010 , which is almost a drop of 60 pct.
However, seems that the market is recovering finally and all sectors have move up.
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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1826
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1720
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106 ↑
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6.16
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Baltic Cape Index
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1708
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1676
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32 ↑
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1.91
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Baltic Panamax Index
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2362
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2092
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270 ↑
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12.91
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Baltic Supra Index
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1745
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1669
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76 ↑
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4.55
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Baltic Handy size Index
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978
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994
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34 ↑
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3.60
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As of 23 July 2010
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The cape index recovered by about 2 pct and was at 1708 points , whereas the Panamax index saw a healthy rise of about 13 pct and closed at 2,362 points. The Supramax and Handy size also increased by 4.55 pct and 3.60 pct respectively. The market seems to be recovering and seems likely to go up for next few weeks.
The futures rates was also at healthy levels and there was significant increase especially for Q4 2010. The pressure on iron ore out of India was still there , but there were signs of slight improvement compared to last week.
The average charter hire was at Cape/$ 12,755 per day, Panamax/$ 18,997 per day, Supramax/$ 18,250 per day and Handy size/$ 14,349 per day.
The Supramax index in the Fareast (S6 route) was up by $ 1,067 per day and closed at $ 17,877 per day. The ECI/China (S7) route also increased by $ 1,062 per day and closed at $ 16,227 per day . The S6 and S7 routes is expected to improve and remain firm next week.
The futures for three years (2010-2012) was at around Cape/$ 24,000 per day, Panamax/$ 19,500 per day, Supramax/$ 18,000 per day, Handy size/$ 13,500 per day. Short period and one year period rates for Supramax vessels was around $ 20,000 per day with delivery feast.
The congestion in EC Australian ports was at 123 vessels this week (last week 121 vessels ). The vessels waiting at main coal loading ports were at Hay point/8, DBCT/58, Gladstone/3, Abbot Point/nil, New Castle/54 vessels, Port Kembla/nil vessel. On the WC Australia iron ore vessels waiting increased to 33 vessels (last week 31 vessels).
The waiting at Indian ports for coal vessels was quite normal around 3/4 days.
The Brent crude prices was sharply up at $ 77.57 per barrel (last week $ 75.20 per barrel). The bunker prices also firmed up and IFO ex Singapore and was at $ 450.50 pmt (ifo 380 cst ex Singapore) on 23rd 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, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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Showing 5706 to 5710 news of total 6871 |
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- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Economic Council, Georgia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Wilmar Investment Holdings
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Planning Commission, India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Australian Coal Association
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