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Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
 COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the freight market with all indices down. Many spot vessels were caught and had to charter out at very low levels. Panamax and Supramax vessels opening far east have been fixed at around $ 8,000-9,000 per day for single trips, however the short period rate have been around $ 15,000 per day.
Seems these are the lowest fixtures reported since mid 2009.
The Handy size index was the least affected, down by just about 1.19 pct and the biggest drop was cape index which was down by 13.85 pct. The Panamax and Supramax index was down by 9.43 pct and 7.44 pct respectively.
The average charter rates was at Cape/$ 20,009 per day , Panamax/$ 14,711 per day , Supramax/$ 15,611 per day and Handy size/$ 12,157 per day.
The Supramax index in the feast (S6 route) was down by $ 1,985 per day (down by 13.73 pct) and closed at $ 12,470 per day (last week $ 14,455 per day). The EC India/ China (S7 route) was also severely affected and was down by $ 1,537 per day (down by 9.69 pct) and closed at $ 14,309 per day (last week $ 15,846 per day). The S6 and S7 route is likely to be soft and is expected to be under pressure next week also.
The futures for three years (2011-2013) was at around Cape/$ 23,000 per day, Panamax/$ 16,500 per day, Supramax/$ 16,000 per day , Handy size/$ 12,000 per day.
The congestion in EC Australia increased to 142 vessels this week (last week 125 vessels). The vessels waiting at main coal loading ports were at Hay point/8, DBCT/44, Gladstone/20, Abbot Point/6, New Castle/57, Port Kembla/6 vessels. On the WC Australia iron ore vessels waiting was almost at same levels at 24 vessels (last week 23 vessels).
The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was high.
The Brent crude prices continued to firm up reaching highest levels in last 2 years and closed at $ 93.46 per barrel (last week $ 91.67 per barrel). However bunker prices was almost at same levels and was at $ 507.50 pmt (last week $ 507.00 pmt) for IFO 380 CST ex.Singapore on 24th Dec 2010.
Click here for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
Reported by Vistaar Shipping, Singapore
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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
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- Sojitz Corporation - Japan
- Parliament of New Zealand
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Marubeni Corporation - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Planning Commission, India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
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