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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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Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Australian Coal Association
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
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