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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, 02 August 16
INDONESIAN CS COAL INDICES STAY POSITIVE
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.71% week over week to averaging $41.12 per ton this past week, shows CS (i) C ...
Monday, 01 August 16
4200 GAR INDONESIAN COAL PRICE MAY TOUCH $ 32/33 A TON LEVELS SOON
COALspot.com: Indonesian coal prices are likely surge further in 2016 as the recent price movement in Indonesian coal markets suggests that the mar ...
Monday, 01 August 16
BALTIC INDEX ENDED NEGATIVE NOTE THIS PAST WEEK ON WEAKER RATES ACROSS ALL LARGE VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape, Panamax and Supramax segments end ...
Friday, 29 July 16
U.S. COAL OUTPUT SLIPS SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 15 million short tons ( ...
Thursday, 28 July 16
FITCH RAISES CORPORATE OIL PRICE ASSUMPTION FOR 2016 TO USD42
Fitch Ratings has raised the 2016 oil price assumptions it uses when rating energy-sector corporates, but expects record high inventories to slow a ...
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- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Wilmar Investment Holdings
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
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