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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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Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
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Showing 5851 to 5855 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- The University of Queensland
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
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