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Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure and the Panamax/Supramax and Handy size index was down by 7.19 pct , 3.65 pct and 2.57 pct respectively. The market seems to be stabilizing and the firmness which was seen in the Panamax and Supramax sector for last couple of weeks has weakened.
"Overall with the financial markets in turmoil the market has been very unsteady. It appeared that the cargo stems out of Indonesia and Australia were less", said Capt. Reddy, MD of Vistaar Shipping, Singapore.
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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4078
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3844
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234 ↑
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6.09
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Baltic Cape Index
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5217
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4317
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900 ↑
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20.85
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Baltic Panamax Index
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4247
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4576
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329 ¯
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-7.19
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Baltic Supra Index
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2982
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3095
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113 ¯
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-3.65
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Baltic Handy size Index
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1477
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1516
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39 ¯
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-2.57
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As of 28 May 2010
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The average charter hire was at Cape/US$ 57,095 per day, Panamax/ US$ 34,083 per day, Supramax/ US$ 31,176 per day and Handy size/ US$ 21,408 per day.
The Supramax index in the Fareast (S6 route) was down by US$ 696 per day and closed at US$ 26,234 per day. The ECI/China (S7) route softened by US$ 4,179 per day and closed at US$ 27,200 per day and is likely to soften further.
The futures for three years (2010-2012) was at around Cape/ US$ 32,000 per day, Panamax/ US$ 21,500 per day, Supramax/ US$ 19,000 per day, Handy size/ US$ 14,000 per day.
The congestion in EC Australian ports was at 128 vessels this week (last week 117 vessels ). The vessels waiting at main coal loading ports were at Hay point/14, DBCT/63, Gladstone/11, Abbot Point/Nil, New Castle/16 vessels, Port Kembla /1 vessel. On the WC Australia iron ore vessels waiting increased to 42 vessels (last week 26 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 Haldia in addition to Paradip.
The Brent crude prices was slighlty up at US$ 74.14 per barrel (last week US$ 71.72 per barrel). The prices of bunkers was quite soft during later part of the week and closed at US$421 pmt (IFO 380 CST ex. Singapore) on 28th May 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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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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Showing 5786 to 5790 news of total 6871 |
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- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
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