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Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Supramax vessels opening far east were reported fixed at around usd 9000 pday levels for trip via Indonesia to India”, said Capt. Reddy, director of Vistaar Shipping, Singapore. He further said, Panamax vessels opening far east reported fixed around usd 8000 for trip via Australia and to India.
Short period rates for Supramax was at around usd 14000 pday for vessels opening far east and for Panamax vessels was around usd 16000 pday. The BDI has touched record lows and is at 1,519 points down by almost 15 pct and Cape size index touched 1,865 points down by about 20 pct since 24th Dec 2010. The Panamax saw a slight recovery and was up by about 5 pct and closed at 1936 points. The Supramax and Handy size was down by 10 pct and 7 pct respectively since 24th Dec 2010.
With the situation in Australia likely to continue for 2 to 3 weeks and with the Chinese New year coming first week of February , it is expected that the market is likely to be soft until mid February 2011.
The average charter rates was at Cape/usd 12,897 pday , Panamax/usd 15,416 pday , Supramax/usd 14,023 pday and Handy size/usd 11,196 pday.
The Supramax index in the feast (S6 route) was down by usd 3,252 pday (down by 26 pct) and closed at usd 9,218 pday (last week it was at usd 12,470 pday). The EC India/ China (S7 route) was also severely affected and was down by usd 26,88 pday (down by19 pct) and closed at usd 11,621 pday (last week was at usd 14,309 pday). 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/usd 22,000 pday, Panamax/usd 16,500 pday, Supramax/usd 16,000 pday , Handy size/usd 11,500 pday.
The congestion in EC Australia reduced slightly to 136 vessels this week (last week was 142 vessels). The vessels waiting at main coal loading ports were at Hay point/17, DBCT/44, Gladstone/18, Abbot Point/Nil, New Castle/54, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting was almost at same levels at 24 vessels (last week 24 vessels).
The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was still high.
The brent crude prices continued to be firm and was almost at same levels and closed at usd 93.61 per barrel (last week usd 93.46 per barrel). However bunker prices was firm and was at usd 520.50 pmt (last week usd 507.50 pmt) for IFO 380 cst ex Singapore on 7th Jan 2011.
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, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
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- Bhushan Steel Limited - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- White Energy Company Limited
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- The University of Queensland
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
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