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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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Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
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- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
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