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Sunday, 01 December 13
PANAMAX RATES HAVE REBOUNDED - CAPT. REDDY
COALspot.com: The freight market was quite firm last week with all the indices increased. Cape Index was gained highest this week which supports increase of BDI.
The international dry bulk market ended last week with the Baltic Dry Index (BDI) at 1,821 points, an increase of 338 points of 22.79% from a week ago and the average cape index was up by 29.25 pct for the same period. Capesize rates index rebounded and was closed at 3,089 points and the Panamax index also saw a good gain week ended 29 November. Panamax index was closed 1665 points up by 22.25 percent compared to a week ago. The Supramax and handy size indices were also moved up steadily last few weeks. Supramax was up by 5.88 pct closed at 1,475 and Handy up 4.94 pct and closed at 764 points W-W.
The Supramax charter rates continued to be firm in the far east/SE Asia and the freight rates remained firm from Indonesia to India and China with owners getting a premium for WC India. The demand for Bauxite and nickel ore shipments from Indonesia remained high which keeping the charter rates firm in this region. Ships from EC India were being fixed around US$ 14,000 for trip via Indonesia to China. The charter rates expected to remain firm next week too. The panamax charter rates also firmed up and the Large , Modern and Economical type panamaxes were asking average US$ 13,000 for a trip via Indonesia to India.
The average charter rates was at Cape/US$ 24,611 per day , Panamax/US$ 13,293 per day , Supramax/US$ 15,424 per day and Handy size/US$ 10,870 per day.
The futures for three years (2014-2016) were at around Cape/US$ 18,000 per day, Panamax/US$ 12,000 per day, Supramax/US$ 12,000 per day , Handy size/US$ 9,500 per day.
The Supramax rates in the far east (S8 route) ended this week averaging US$ 15,938 per day (last week it was at US$ 14,920 per day) which was an increase of $1018 (6.82%) from a week ago and charter rates were firm.
In the meantime, the S7 route was at same levels or no changes this week compared to last week. The Supramax rates in the far east (S7 route) ended this week averaging US$ 7,875 per day (last week it was at US$ 7,875 per day).
However, the charter rates from EC India was firm and ships were being fixed around at US$ 13,000 per day for a trip to China. The freight market in this sector is expected to be firm next week too.
The Brent crude oil prices was soft down by 1.22 pct and closed at US$ 109.69 per barrel (last week US$ 111.05 per barrel). The bunker price was also soft and closed at 606.00 pmt (IFO 380 cst ex Singapore on 29th Nov 2013).
Baltic Dry Index - UP
Cape index - UP
Panamax index - UP
Supramax index - UP
Handy index: - UP
(as of week ended 29 November 2013 (W-W))
Click here for Solym Singapore's forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
The information provided by SOLYM Carriers Pte Ltd, Singapore 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. Solym Carriers Pte Ltd, Singapore 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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Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
November is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stati ...
Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
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- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Australian Coal Association
- Xindia Steels Limited - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Planning Commission, India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
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