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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, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2 ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
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- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- The University of Queensland
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
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