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Monday, 08 August 16
THE BALTIC EXCHANGE, TRACKING RATES FOR SHIPS CARRYING DRY BULK COMMODITIES SLIDE SLIGHTLY
 COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Panamax and Supramax segments ending in a negative note this past week. The BDI was down 3.05 percent from last week and Cape Index was up around 2 points.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global supply and demand for shipping of commodities was down week over week to 636 points on 5 August 2016. The index peaked at 11,793 in May 2008.
The Cape Index up 0.26% week over week. The BCI closed 770 points on 5 August 2016.
The Panamax index (BPI) was slides 7.51% to 640 points while the Supramax index (BSI) was declined 3.58% to 647 points on 5 August 2016, compared to 671 points on 29 July 2016.
According to Press Announcements from the Baltic Exchange Limited, following agreement with the Singapore Exchange (SGX), it will now proceed with the solicitation of support from Baltic Exchange Shareholders for SGX’s offer to acquire the issued ordinary share capital for GBP 160.41 in cash per Baltic Share. This represents a total consideration of GBP 77.6 million. It is contemplated that the Baltic Shareholders will also receive from the Baltic Exchange a minimum of GBP 18.80 in cash per Baltic Share, as a final dividend, conditional upon the acquisition proceeding. This means that the total valuation of the Baltic Exchange is a minimum of GBP 86.7 million.
The Baltic Exchange will now consult its major shareholders to secure their support for SGX’s offer. Subject to receiving sufficient support, and to it receiving the endorsement of the Baltic Exchange Board, it is expected that a scheme of arrangement will then be circulated to shareholders and a General Meeting will be announced, for shareholders to vote on an offer from SGX.
Average daily earnings for Supramax, for the route Indonesia to India through Singapore, rated at around US$ 7000 per day this past week, while the Panamax vessels rated at around $ 5500 per day delivery South China / Hong Kong range.
The freight rates are expected to be flat to slightly firm this week.
The spot Cape’s average charter rates were reported at around US$ 5,446 per day and Panamax’s was reported at around US$ 5,122 per day, the Supramax’s average charters rates were at around $ 6,799 per day, decline slightly compared to last week’s average charter rates. The Handy-size ships were at $ 5,721 per day, the average charter rate was up week over week.
The futures for three years (2016-2018) for the ships were reported higher than the current spot rates the ships were earning. The Cape-size ships were at US$ 10,000 per day, Panamax at US$ 7,500 per day, Supramax at US$ 8,000 per day and Handysize at US$ 6,000 per day. The Cape size, Panamax, Supramax and Handy Size vessel’s average future rates flat compared to last week’s reported rates.
The supramax S8 route charter rates declined slightly (2.05%) week over week to $ 6538 per day on Friday 5 August 2016 ($6675 was reported on 29 July 2016). Freight rate from Indonesia to India is expected to be Flat to slightly firm this week.
The Brent crude oil price was up 4.26 percent and closed at US$ 44.27 per barrel. The bunker prices also up and closed at US$ 221.50 pmt (IFO 380 cst ex Singapore on 5 August 2016).
Baltic Dry Index (BDI) - DOWN
Cape index (BCI) - UP
Panamax index (BPI) - DOWN
Supramax index (BSI) - DOWN
Handy index - DOWN
(as of week ended 5 August 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 the 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, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
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- Global Green Power PLC Corporation, Philippines
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- Energy Development Corp, Philippines
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- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
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- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
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- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
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- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
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- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
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- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
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- Georgia Ports Authority, United States
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
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- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
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- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
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