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Monday, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
 COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities down 6% week over week to 297 points on 5 February 2016. The index peaked at 11,793 in May 2008 and It fell this past Friday to 297 points ( declined 97.48%).
The Cape Index was almost flat week over week. The BCI closed 212 points on 5 February 2016.
The Panamax index (BPI) was up 2.79% to 295 points while the Supramax index (BSI) was down 13.81% to 262 points, compared to 304 points on 29 January 2016.
The handy size index was also down 11.41% to 194 points on 5 February 2016.
Average daily earnings for Supramax, for the route Indonesia to India (delivery Indonesia) rated at around $ 3000-4000 per day this past week, while the Panamax vessels rated at around $ 2000-2500 per day delivery Shanghai, China.
The freight rates are expected to be flat to weak this week due to Chinese New year holidays and lack of demand.
The Cape average charter rates was reported at around US$1547 per day and Panamax’s was reported at around US$2361per day. The Supramax’s average charters rates were at around $2736 per day and Handy size ships were at $2858 per day.
According to Nikkei, already so far, more than half a dozen shipping companies from countries including Hong Kong, China, South Korea, Japan and the U.S. have filed for bankruptcy in the past two years. In 2015, bankruptcies gathered pace as orders dried up while new ships continued to enter the market.
The futures for three years (2016-2018) for the ships were reported slightly higher than the current spot rates the ship were earning. The Cape size ships were at US$ 8000 per day, Panamax at US$ 6500 per day, Supramax at US$ 6500 per day and Handy size at US$ 5500 per day.
The S8 route charter rates for Supramax down 22.85 percent week over week to $1881 per day on Friday 5 February 2016. Indonesia to India freight rates are expected to be flat to weak next week.
The Brent crude oil prices was down by 1.95 pct closing at $ 34.06 per barrel (as on 29th Jan 2016 was $ 34.74 per barrel). The bunker prices were up and closed at $ 166.00 pmt (IFO 380 cst ex Singapore on 5th Feb 2016).
Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - UP
Panamax index (BPI) - UP
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 5 Feb 2016 (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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Wednesday, 10 February 16
OWNERS APPEAR WILLING TO DISPOSE OF TONNAGE THE SOONEST IT HITS THE 10 YEAR MARK - TIMOS PAPADIMITRIOU
COALspot.com: The last two months of 2015 made a case for traditional shipowners to invest in the dry bulk sector, doing so though based purely on ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
“Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership w ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
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- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
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