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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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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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- Planning Commission, India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
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