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Sunday, 17 April 11
THE FREIGHT MARKET APPEARS WILL CONTINUE TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - "The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 points", said Capt. Reddy, Director of Vistaar Shipping Singapore. Vistaar Shipping is an experienced ship operator and handling coal vessels from Indoneisa, Australia, China and South Africa.
The BDI was down by 5.81 pct and closing at 1,296 points, whereas cape index was down by 2.98 pct and closed at 1,564 points. The panama index was most affected which was down by almost 11 pct and closed at 1,514 points. The Supramax index was down by 2.95 pct and closed at 1,414 points, whereas the handy size index was up by 1.27 pct and closed at 796 pct.
The market appears will continue to be soft next week also. The bunker prices have soften a bit and overall the freight are expected to be soft.
The Supramax vessels opening Feast/Se Asia region were seen reported fixed around US$ 13000 delivery Shanghai/Rizhao range. Short period rates on Panamax and Supramax was around US$ 15000 per day.
The average charter rates was at Cape/US$ 6856 per day , Panamax/US$ 12129 per day , Supramax/US$ 14781 per day and Handy size/US$ 11908 per day.
The Supramax index in the feast (S6 route) softened further by 2.89 pct (down by 431 points) and closed at US$ 14455 per day (last week US$ 14886 per day). The EC India/China (S7 route) also softened slightly and was down by 1.50 pct (down by US$ 216 per day) and closed at US$ 14142 per day (last week US$ 14358 per day). The S6 and S& route likely to be soft soft week also. However WC India market could be slightly holding due to pressure of cargoes out of WC India before monsoons.
The futures for three years (2011-2013) was at around Cape/US$ 17000 per day, Panamax/US$ 15000 per day, Supramax/US$ 14500 per day , Handy size/US$ 11250 per day.
The congestion in EC Australia reduced to 60 vessels this week (last week 72 vessels). The vessels waiting at main coal loading ports were at Hay point/4, DBCT/22, Gladstone/11, Abbot Point/3, New Castle/18, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting reduced was at 33 vessels (last week 37 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices softened a bit and closed at US$ 123.44 per barrel (last week US$ 126.74 per barrel). Bunker prices also softened and closed at US$ 673.50 pmt (last week US$ 684.50 pmt) for IFO 380 cst ex Singapore on 15th 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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Thursday, 05 May 11
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark, the Baltic Dry Index (BDI) managed to edge higher yesterday, rising by 1.81% to 1,292 points, in the first po ...
Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
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- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
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