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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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Thursday, 04 August 16
INDONESIAN COAL PRICES ARE STARTING TO ZOOM HIGHER; HBA ROSE 10.13% TO US$ 58.37 PER TON
COALspot.com: The Indonesia coal benchmark price hits to its highest level since August 2015.
The Director General of Mineral and Coa ...
Thursday, 04 August 16
BREXIT: IMPLICATIONS FOR GLOBAL SHIPPING AND SEA TRADE - EVERSHEDS
The buzzword for the post-Brexit landscape both in Europe and further afield is ‘uncertainty’. No-one really knows the long term effect ...
Wednesday, 03 August 16
RECAAP INFORMATION SHARING CENTRE ISSUES SPECIAL REPORT ON THE ABDUCTING OF CREW FROM SHIPS IN WATERS OFF EASTERN SABAH AND SOUTHERN PHILIPPINES - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In the light of three incidents where the crew of tug boats were abducted in the waters off Eastern Sabah and Southern Ph ...
Wednesday, 03 August 16
SHIPPING MARKET INSIGHT - EVA TZIMA
The Good…
Demand. Amidst all the unprecedented geopolitical turmoil and shifts in the likes of Brexit, the IMF lowered last month its glob ...
Wednesday, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident i ...
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- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
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