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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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Monday, 08 August 16
THE TURKISH GOVERNMENT HAS IMPOSED A $15 A TON DUTY ON POWER PLANT COAL IMPORTS - MEDIA
COALspot.com: The Turkish government has imposed a US$15 per ton duty on thermal coal imports for use in its power sector.
According to media ...
Monday, 08 August 16
ARE EXPENSES INCURRED DURING NEGOTIATION OF A PIRATE RANSOM RECOVERABLE IN GENERAL AVERAGE? - CLYDE&CO
KNOWLEDGE TO ELEVATE
Facts
The laden chemical tanker LONGCHAMP was transiting the Gulf of Aden on passage to Vietnam. The ship was subject t ...
Saturday, 06 August 16
DRY BULK SHIPPING CHARTER RATES TO RISE ON UNEXPECTED DEMAND GROWTH - DREWRY
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China impo ...
Friday, 05 August 16
WEEKLY U.S. COAL OUTPUT TOTALED AN ESTIMATED 16.1 MMST IN THE WEEK ENDED JULY 30 - EIA
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 16.1 million short tons ...
Friday, 05 August 16
CAPESIZE : RATES ARE REMAINING AT DEPRESSING LEVELS DUE TO LACK OF FRESH CARGOES - FEARNLEYS
Supramax
Last week has been one of the slowest for some time with rates under pressure in most areas.
In its latest weekly report, shipbroke ...
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- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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