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Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
 COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an experienced ship operator in Singapore.
Even though the cape index showed gains beginning of the week , but started to soften towards second half of the week and the index closed at 3,844 points down by 2.04 pct.
The BDI was down by 5.74 pct and closed at 3,844 points. The most affected was Panamax and Supramax category with indices softening by almost 8 pct and closed at 3,878 points and 2,741 points.
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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3844
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4078
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234 ¯
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-5.74
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Baltic Cape Index
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5110
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5217
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107 ¯
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-2.05
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Baltic Panamax Index
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3878
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4247
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369 ¯
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-8.69
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Baltic Supra Index
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2741
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2982
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241 ¯
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-8.08
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Baltic Handy size Index
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1426
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1477
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51 ¯
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-3.45
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As of 4 June 2010
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The handy size index was down by 3.45 pct and closed at 1,426 points. The market seems heading for some correction at least for the time being as the steel demand seems to be softening and having affect on iron ore demand. Spot vessels will willing to fix at low rates compared to previous weeks as there were not many firm orders out of Indonesia and Australia.
The average charter hire was at Cape/US$ 55,010 per day, Panamax/ US$ 31,118 per day, Supramax/ US$ 28,662 per day and Handysize/ US$ 20,703 per day.
The Supramax index in the Fareast (S6 route) was down by US$ 2,120 per day and closed at US$ 24,114 per day. The ECI/China (S7) route continued to softened and was down by US$ 3188 per day and closed at US$ 24,042 per day . The downward trend for S6 and S7 route is likely to continue next week also.
The futures for three years (2010-2012) was at around Cape/ US$ 31,000 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 118 vessels this week (last week 128 vessels ). The vessels waiting at main coal loading ports were at Hay point/12, DBCT/56, Gladstone/12, Abbot Point/Nil, New Castle/37 vessels, Port Kembla/1 vessel. On the WC Australia iron ore vessels waiting was down to 27 vessels (last week 42 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 to US$ 71.71 per barrel (last week US$ 74.14 per barrel). The was slightly firm this week and closed at US$ 443 pmt (ifo 380 cst ex Singapore) on 4th June 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, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
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Showing 5746 to 5750 news of total 6871 |
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- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- The University of Queensland
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Australian Coal Association
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
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