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Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
However, the market managed to maintain almost the same levels as last week , with all the sectors up by 3-7 pct except for Panamax index which was slightly softer, he further said.
The BDI continue to rise and was up by 54 points (up by 3.53 pct) and closed at 1,585 points. The Cape index gained maximum this week , up by 118 points (up by 7 pct). The Panamax was slightly lower and was down by 56 points (down by 0.76 pct). The Supramax and Handy size index was up by 29 points (up by 1.84 pct) and 25 (up by 3.31 pct) respectively.
The Supramax vessels opening FEast/SE Asia region were seen holding at healthy levels and fixed at around US$ 16000 delivery N.China.
The freight markets may hold for next couple of weeks. However there does not seem to be any strength in the market and in the long run seems the freight would be soft . The effects of Japanese ports closure and Libya , Yemen , Syria crisis is likely to have effect on shipping and oil prices.
The average charter rates was at Cape/US$ 10,718 per day , Panamax/US$ 16,693 per day , Supramax/US$ 16,762 per day and Handy size/US$ 11,704 per day.
The Supramax index in the feast (S6 route) was almost steady and slight softness was seen towards end of the week at US$ 15,991 per day (last week US$ 15,995 per day). The EC India/ China (S7 route) continued to softened and was down by 2.07 pct (down by US$ 330 per day) and closed at US$ 15,608 per day (last week US$ 15,938 per day). The S6 route is likely to continue to be steady/soft , whereas the S7 is likely soften further.
The futures for three years (2011-2013) was at around Cape/US$ 19,000 per day, Panamax/US$ 16,500 per day, Supramax/US$ 15,500 per day , Handy size/US$ 11,500 per day.
The congestion in EC Australia almost at same levels at 84 vessels this week (last week 72 vessels). The vessels waiting at main coal loading ports were at Hay point/7, DBCT/21, Gladstone/12, Abbot Point/3, New Castle/34, Port Kembla/7 vessels. On the WC Australia iron ore vessels waiting reduced to 39 vessels (last week 42 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices remained firm and closed at US$ 115.95 per barrel (last week US$ 114.51 per barrel). Bunker prices was almost at same levels and closed at US$ 643.00 pmt (last week US$ 643 pmt) for IFO 380 cst ex Singapore on 25th March 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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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
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