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Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, Director Vistaar Shipping, Singapore. The BDI started to fall from 26th May 2010 when it was at 4,209 points and reached 1,720 points on 15th July 2010 , which is almost a drop of 60 pct.
However, seems that the market is recovering finally and all sectors have move up.
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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1826
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1720
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106 ↑
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6.16
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Baltic Cape Index
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1708
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1676
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32 ↑
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1.91
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Baltic Panamax Index
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2362
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2092
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270 ↑
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12.91
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Baltic Supra Index
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1745
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1669
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76 ↑
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4.55
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Baltic Handy size Index
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978
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994
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34 ↑
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3.60
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As of 23 July 2010
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The cape index recovered by about 2 pct and was at 1708 points , whereas the Panamax index saw a healthy rise of about 13 pct and closed at 2,362 points. The Supramax and Handy size also increased by 4.55 pct and 3.60 pct respectively. The market seems to be recovering and seems likely to go up for next few weeks.
The futures rates was also at healthy levels and there was significant increase especially for Q4 2010. The pressure on iron ore out of India was still there , but there were signs of slight improvement compared to last week.
The average charter hire was at Cape/$ 12,755 per day, Panamax/$ 18,997 per day, Supramax/$ 18,250 per day and Handy size/$ 14,349 per day.
The Supramax index in the Fareast (S6 route) was up by $ 1,067 per day and closed at $ 17,877 per day. The ECI/China (S7) route also increased by $ 1,062 per day and closed at $ 16,227 per day . The S6 and S7 routes is expected to improve and remain firm next week.
The futures for three years (2010-2012) was at around Cape/$ 24,000 per day, Panamax/$ 19,500 per day, Supramax/$ 18,000 per day, Handy size/$ 13,500 per day. Short period and one year period rates for Supramax vessels was around $ 20,000 per day with delivery feast.
The congestion in EC Australian ports was at 123 vessels this week (last week 121 vessels ). The vessels waiting at main coal loading ports were at Hay point/8, DBCT/58, Gladstone/3, Abbot Point/nil, New Castle/54 vessels, Port Kembla/nil vessel. On the WC Australia iron ore vessels waiting increased to 33 vessels (last week 31 vessels).
The waiting at Indian ports for coal vessels was quite normal around 3/4 days.
The Brent crude prices was sharply up at $ 77.57 per barrel (last week $ 75.20 per barrel). The bunker prices also firmed up and IFO ex Singapore and was at $ 450.50 pmt (ifo 380 cst ex Singapore) on 23rd July 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, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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Showing 5706 to 5710 news of total 6871 |
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- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
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