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Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining import demand from China and particularly celebrations of Lunar New Year holidays next week. Most of the owners are hoping that the market would pick up after the Lunar New Year holidays and will have to wait to see how the market behaves.
In recent months, the dry bulk shipping industry is affected by numerous factors such as world economies’ slow growth and weak commodity demand. China’s economic growth rate impact dry bulk shipper’s movement as China is an important commodity market, which is the backbone of growth of shipping industry recent years. According to industry analysts, the world’s fleet of dry-bulk ships are far exceeding demand and estimated around 20% above demand over the past few years. Recovery of shipping industry has to go through rough sea in coming years to reach a safe destination.
The cape index is down nearly 8.56 percent over the past one week and closed at 630 points on 13 Friday 2015. The Panamax index was the only segment where the index was up 16.04 pct week over week and closed 499 points. The Supramax and Handy size index was also down and closed at 436 points (down by 17.73 pct) and 268 points (down by 10.96 pct) respectively on 13 Friday.
In the Far East/SE Asia the freight rates continued its decline this week and the Supramax charter rate delivery arrival load ports in Kalimantan were being rated at around $ 6,500 per day. In the meantime, Panamax charter rates were soft and ships were reported fixed delivery Indonesia around $ 4,000 per day for a trip to India below its break-even point. Freight rates are still expected to be weak on Supramax and Panamax in coming days.
The Cape average charter rates were reported at around $ 5,117 per day, far below its break-even point, Panamax is at around $ 3,984 per day , Supramax at $ 5,077 per day and Handy size/$ 4,021 per day.
The futures for three years (2015-2017) was reported at around $ 14,000 per day for Cape, $ 9,000 per day for Panamax, $ 9,000 per day for Supramax and Handy size at $ 7,500 per day.
The route S8 route for Supramax was declines 10.20% closing at $ 4,625 per day (last week $ 5094 per day). Freight rates from Indonesia to India is expected remain weak next week.
The Brent crude oil prices was up by 7.43 pct closing at $ 61.52 per barrel (last week $ 57.80 per barrel). The bunker prices was almost at same levels closing at 366.00 pmt (IFO 380 cst ex Singapore on 13th Feb 2015).
Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - DOWN
Panamax index (BPI) - UP
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 13 February 2015 (week on week changes))
Click here for Vistaar Shipping Services (India) Private Ltd forecasts (subject to terms, conditions & Disclaimer clauses) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
The information provided by Vistaar Shipping Services (India) Private Ltd , India in this report is provided for information purposes only. No claim is made as to accuracy of the content in this report at any time. Vistaar Shipping Services (India) Private Ltd, and their Group companies or Subsidiaries do not accept any liability to any person or Company for the information provided in this report. No responsibility is taken for any information of services that may appear in this report.
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Thursday, 12 February 15
INDONESIAN COAL PRICE REFERENCE INCHED DOWN 1.44% IN FEBRUARY
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 62.92 pe ...
Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According t ...
Wednesday, 11 February 15
DRY BULK MARKET REMAINED UNDER PRESSURE : STABILIZING CAPE MARKET HARDLY HELPED SENTIMENT
COALspot.com: The Dry Bulk market remained under pressure last week, while the stabilizing Cape market hardly helped sentiment.
Greece based s ...
Wednesday, 11 February 15
BDI HITTING THE ALL-TIME LOW; FFA MARKETS NOT SHOWING ANY POSITIVE SIGNS
With the BDI hitting the all-time low and with FFA markets not showing any positive signs for a possible recovery in the near future, pessimism is ...
Tuesday, 10 February 15
IRON ORE MARKET TO REMAIN OVERSUPPLIED IN 2015: PRICE FORECAST $70/T - WOOD MACKENZIE
COALspot.com: With January witnessing the price of iron ore falling to its lowest levels since May 2009, Roger Emslie, Principal Metals & ...
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- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
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