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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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Tuesday, 26 January 16
OUTLOOK FOR GLOBAL OIL MARKETS - OPEC SECRETARY GENERAL
Opening address by HE Abdalla S. El-Badri, OPEC Secretary General, at the Chatham House Conference: Middle East and North Africa Energy 2016, Theme ...
Monday, 25 January 16
5700 GAR COAL INDEX CLOSED $ 50.08 PER TON, $0.20 LOWER FROM LAST WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 1.35 percent week over week to averaging $39.39 per ton on this past Friday, ...
Monday, 25 January 16
SHOULD A DEFAULTING PARTY BE ENTITLED TO AN INNOCENT PARTY'S SAVING, FOLLOWING THEIR BREACH OF CONTRACT? - THE NEW FLAMENCO REVISITED
KNOWLEDGE TO ELEVATE
This case was addressed by the club in our of January 2015, when the High Court decision became available. The background ...
Monday, 25 January 16
DRY BULK SHIPPING: A MISERABLE START TO A NEW YEAR, WHERE THE MARKET STRUGGLES TO GROW AT ALL - BIMCO
The global production of steel dropped in 2015 compared to 2014, to a larger extent outside China, as China exported its surplus of steel to destin ...
Sunday, 24 January 16
PANAMAX MARKET WEAKENS ACROSS THE BOARD
COALspot.com: The Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser, fell ninetee ...
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Showing 2591 to 2595 news of total 6871 |
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- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
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