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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, 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 ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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Showing 5746 to 5750 news of total 6871 |
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- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- ASAPP Information Group - India
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