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Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 points, whereas the Cape index was down by 10.52 pct and closed at 1,735 points. The Panamax saw a fairly good gain which was up by 7.59 pct and closed at 1,927 points. The Supramax and Handy size index was down by 6.06 pct and 2.09 pct respectively.
Supramax delivery Far east have been reported fixed around US$ 11000 per day for single trips. Short period rates on Supramax were seen reported around US$ 13000 per day . The freight market is likely to be soft next week.
The iron imports by China saw slight gains in May and will have to see if they would increase the imports. However is seems that the imports will be almost steady/soft due to high inventories. The coal demand by India and China has been steady and has been supporting with fairly large volume, Capt. Reddy, Director Vistaar Shipping says.
The sale of second hand of ships remained fairly good and prices were holding firm , which seems that some owners are taking advantage of low prices.
The average charter rates was at Cape/US$ 9320 per day , Panamax/US$ 15455 per day , Supramax/US$ 14090 per day and Handy size/US$ 11110 per day.
The Supramax index in the feast (S6 route) was down sharply by 12.96 pct and closed at US$ 11168 per day (last week US$ 12832 per day). The EC India/China (S7 route) also softened by 10.14 pct and closed at US$ 11446 per day (last week US$ 12738 per day) , the main reason could be towards monsoon. The S6 and S7 routes likely to be soft next week.
The futures for three years (2011-2013) was at around Cape/US$ 15000 per day, Panamax/US$ 14000 per day, Supramax/US$ 13500 per day , Handy size/US$ 10500 per day.
The congestion in EC Australia increased sharply up and was at 63 vessels this week (last week 49 vessels). The vessels waiting at main coal loading ports were at Hay point/4, DBCT/18, Gladstone/14, Abbot Point/Nil, New Castle/26, Port Kembla/1 vessels. On the WC Australia iron ore vessels waiting also increased to 34 vessels (last week 32 vessels).
The Brent crude oil prices increased slightly and was up by 2.15 pct and closed at US$ 118.50 per barrel (last week US$ 116.00 per barrel). Bunker prices also firmed up and was at US$ 675.00 pmt (last week US$ 659.00 pmt) for IFO 380 CST ex Singapore on 10th June 2011.
Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
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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 ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
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