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Sunday, 12 February 12
THE BALTIC DRY INDEX CLIMBS 10.51%
COALspot.com - "The markets touched record lows not seen since mid 80’s. However there was some good news with signs of market recovery and charter rates up", said Capt. Reddy, director of Vistaar Shipping Singapore.
The Baltic Dry Index, which measures the cost of transporting raw materials by sea, was up by 10.51 pct closing at 715 points and cape index was up by 1.46 pct closing at 1,457 points. The biggest gains was in the panamax index which was up by almost 40 pct closing at 967 points. The supramax index was up by 6 pct closing at 645 points whereas handysize index was down by 4 pct closing at 366 points.
Supramax delivery South China for trips via Indonesia were reported around usd 7500 pday. Short Period charter rates for Panamax delivery feast was around usd 10000 pday and for Supramax was around $ 9.000 per day.
There could be some correction in the coming weeks and could lose momentum and expect to stabilize.
The average charter rates was at Cape/$ 6,227 per day , Panamax/$ 7,732 per day , Supramax/$ 6,746 per day and Handysize/$ 5,489 per day.
The futures for three years (2012-2014) was at around Cape/$ 16,000 per day, Panamax/$ 11,500 per day, Supramax/$ 11,000 pday , Handysize/$ 8,500 per day.
The supramax index in the feast (S6 route) was up by 25.2 pct and closed at $ 6,280 pday (last week $ 5,016 per day) and S7 route was up by 11.58 pct and closed at $ 5,884 per day (last week $ 5,273 per day) . S6 and S7 route likely to be firm next week.
The congestion in EC Australia increased to 102 vessels this week(last week 98). The vessels waiting at main coal loading ports were at Haypoint/4, DBCT/19, Gladstone/12, Abbot Point/2, New Castle/52, Port Kembla/13 vessels. On the WC Australia iron ore vessels waiting was at 64 vessels (last week 87).
The brent crude oil prices closed at $ 117.57 per barrel (last week $ 113.76 per barrel) and bunkers prices closed at $ 740.50 pmt (last week $ 720.50 pmt) for IFO 380 cst ex. Singapore on 10th Feb 2012.
Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
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Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
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- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
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