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Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining import demand from China and particularly celebrations of Lunar New Year holidays next week. Most of the owners are hoping that the market would pick up after the Lunar New Year holidays and will have to wait to see how the market behaves.
In recent months, the dry bulk shipping industry is affected by numerous factors such as world economies’ slow growth and weak commodity demand. China’s economic growth rate impact dry bulk shipper’s movement as China is an important commodity market, which is the backbone of growth of shipping industry recent years. According to industry analysts, the world’s fleet of dry-bulk ships are far exceeding demand and estimated around 20% above demand over the past few years. Recovery of shipping industry has to go through rough sea in coming years to reach a safe destination.
The cape index is down nearly 8.56 percent over the past one week and closed at 630 points on 13 Friday 2015. The Panamax index was the only segment where the index was up 16.04 pct week over week and closed 499 points. The Supramax and Handy size index was also down and closed at 436 points (down by 17.73 pct) and 268 points (down by 10.96 pct) respectively on 13 Friday.
In the Far East/SE Asia the freight rates continued its decline this week and the Supramax charter rate delivery arrival load ports in Kalimantan were being rated at around $ 6,500 per day. In the meantime, Panamax charter rates were soft and ships were reported fixed delivery Indonesia around $ 4,000 per day for a trip to India below its break-even point. Freight rates are still expected to be weak on Supramax and Panamax in coming days.
The Cape average charter rates were reported at around $ 5,117 per day, far below its break-even point, Panamax is at around $ 3,984 per day , Supramax at $ 5,077 per day and Handy size/$ 4,021 per day.
The futures for three years (2015-2017) was reported at around $ 14,000 per day for Cape, $ 9,000 per day for Panamax, $ 9,000 per day for Supramax and Handy size at $ 7,500 per day.
The route S8 route for Supramax was declines 10.20% closing at $ 4,625 per day (last week $ 5094 per day). Freight rates from Indonesia to India is expected remain weak next week.
The Brent crude oil prices was up by 7.43 pct closing at $ 61.52 per barrel (last week $ 57.80 per barrel). The bunker prices was almost at same levels closing at 366.00 pmt (IFO 380 cst ex Singapore on 13th Feb 2015).
Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - DOWN
Panamax index (BPI) - UP
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 13 February 2015 (week on week changes))
Click here for Vistaar Shipping Services (India) Private Ltd forecasts (subject to terms, conditions & Disclaimer clauses) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
The information provided by Vistaar Shipping Services (India) Private Ltd , India in this report is provided for information purposes only. No claim is made as to accuracy of the content in this report at any time. Vistaar Shipping Services (India) Private Ltd, and their Group companies or Subsidiaries do not accept any liability to any person or Company for the information provided in this report. No responsibility is taken for any information of services that may appear in this report.
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Friday, 24 April 15
CHINA IRON ORE MINE CLOSURES TO SLOW ON GOVERNMENT SUPPORT - FITCH
Fitch Ratings expects fewer Chinese iron ore mine closures in 2015 as the government takes steps to support the industry, which has been struggling ...
Friday, 24 April 15
IS INDIA THE 'NEW CHINA' WHEN IT COMES TO THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been feeling the “heat” of China’s slowdown and together with the industry’s own failings, with ove ...
Friday, 24 April 15
GLOBAL STEEL PRODUCTION OUTSIDE OF CHINA CONTINUES TO FARE VERY POORLY - JEFFREY LANDSBERG
COALspot.com: Data released this week showed that global crude steel production totaled approximately 138.05 million tons in March.
Wha ...
Friday, 24 April 15
WEEKLY U.S. COAL PRODUCTION ESTIMATE FALLS 5.7% FROM LAST WEEK
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.0 million short ...
Wednesday, 22 April 15
PANAMAX : ATLANTIC HOLDING ON TO THE GAINS OF THE PREVIOUS WEEK; PACIFIC BUSINESS SLID QUIETLY
COALspot.com: The Dry Bulk market managed to close off the week on a positive note last Friday, while as opposed to what we have been used to, it w ...
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- PTC India Limited - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
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