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Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pct.
All other sectors were also down with cape and panamax index also down by 10 to 11 pct. The Supramax index was down by about 3.5 pct and closed at 1457 points. The handy size index remained stable and was at the same levels at 786 points. Even though the charter rates were down the freight levels almost remained at same levels because of high bunker prices with Brent crude touching 126.74 per barrel. The crude prices are likely to be firm with the tensions in Libya and other countries like Yemen, Syria etc . Shipping market will continue to have the effect of earth quake and nuclear crisis in Japan.
The Supramax vessels opening Far East/SE Asia region were seen reported fixed around US$ 15,000 delivery Shanghai/Rizhao range. The freight markets likely to be soft next week also. Short period rates on Panamax was around US$ 15,000 per day and on Supramax was around 15,000 per day.
The average charter rates was at Cape/US$ 7920 per day , Panamax/US$ 13603 per day , Supramax/US$ 15235 per day and Handy size/US$ 11759 per day.
The Supramax index in the feast (S6 route) softened further by 3.28 pct (down by 505 points) and closed at US$ 14,886 per day (last week US$ 15,391 per day). The EC India/China (S7 route) also continued to softened and was down by 4.33 pct (down by US$ 650 per day) and closed at US$ 14,358 per day (last week US$ 15,008 per day). The S6 route is likely to continue to soften further , whereas the S7 route also likely soften further. However quite a few iron ore shipments will be moving out of WC India before Mid May prior onset of monsoons.
The futures for three years (2011-2013) was at around Cape/US$ 18,500 per day, Panamax/US$ 16,000 per day, Supramax/US$ 15000 per day , Handy size/US$ 11,250 per day.
The congestion in EC Australia reduced to 72 vessels this week (last week 84 vessels). The vessels waiting at main coal loading ports were at Hay point/8, DBCT/26, Gladstone/11, Abbot Point/2, New Castle/22, Port Kembla/3 vessels. On the WC Australia iron ore vessels waiting reduced was at 37 vessels (last week 39 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices continued to firm up and closed at US$ 126.74 per barrel (last week US$ 119.93 per barrel). Bunker prices also firmed up and closed higher at US$ 684.50 pmt (last week US$ 657.00 pmt) for IFO 380 cst ex Singapore on 8th April 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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Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
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- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Planning Commission, India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- London Commodity Brokers - England
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
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