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Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
 COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 points which was highest in 2010 and since then the BDI has dropped almost 70 pct . The Cape index also continued to remain soft with a drop of about 2.50 pct and closed at 1,556 points.
The average charter rate for Cape size vessels was at $ 8,859 per day almost close to 2008 lows. Panamax index was the most affected this week with the index down by 270 points and closed at 1,650 points. Supramax and Handy size index saw a slight upward movement and closed at 1,427 points and 777 points respectively.
According to Vistaar Shipping Singapore, the spot charter rates for Supramax in the far east remained under pressure and vessels were reported fixed only at $ 7000-8000 per day for trip to via Indonesia to India.
Capt. Reddy, director of Vistaar shipping said, With the flood situation in Australia likely to continue for some more time and with the Chinese New year coming the market are likely to be under pressure at least until mid February 2011.
The average charter rates was at Cape/$ 6177 per day , Panamax/$ 10689 per day , Supramax/$ 12642 per day and Handy size/$ 10560 per day.
The supramax index in the feast (S6 route) was down by $ 467 per day (down by 5.71 pct) and closed at $ 7714 per day (last week $ 8181 per day). The EC India/ China (S7 route) was down by 123 points (up by 1.05 pct) and closed at $ 11498 per day (last week $ 11621 per day). The S6 route is likely to be soft next week.
The futures for three years (2011-2013) was at around Cape/$ 20000 per day, Panamax/$ 15000 per day, Supramax/$ 15000 per day , Handy size/$ 10750 per day.
The congestion in EC Australia reduced slightly to 106 vessels this week (last week 110 vessels). The vessels waiting at main coal loading ports were at Hay point/14, DBCT/31, Gladstone/13, Abbot Point/Nil, New Castle/40, Port Kembla/6 vessels. On the WC Australia iron ore vessels waiting reduced to 31 vessels (last week 41 vessels).
The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was high with berthing delays of about 10/12 days.
The brent crude prices was firm almost touching $ 100 per barrel and closed at $ 99.31 per barrel (last week $ 97.63 per barrel). Bunker prices also firmed and was at $ 552.00 pmt (last week $ 542.00 pmt) for IFO 380 cst ex Singapore on 28th 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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Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...
Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...
Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...
Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
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- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
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