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Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and the market started to firm up" says, Capt. Reddy, MD, Vistaar Shipping, Singapore.
BDI INDEX
The BDI index was up by 133 points this week and closed at 4,107 points which was an increase of about 3.5 pct. The Cape Index (BCI) was also firm and was up by 302 points and closed at 6,655 points which is almost 5 pct increase. The Panamax index was almost at same levels with a increase of 60 points only and closed at 3,928 points. The Supramax index dropped by about 3 pct by 64 points and closed at 2,382 points. The handy size index remained firm which was up by 45 points and closed at 1,182 points.
The average charter hire was at Cape US$ 71,163 per day , Panamax US$ 31,580 per day, Supramax US$ 24,904 per day and Handysize US$ 17,134 per day.
The supramax index in the Far East (S6 route) was slightly soft at US$ 24,185 per day. The ECI/China (S7) route softened and was at US$ 25,275 per day down by almost 9 pct compared to last week.
Short period rates for Supramax was at US$ 22,000 per day for vessels opening Far East / SE Asia. Supramax charter rates for one year is around US$ 18,000 / 19,000 per day.
THREE YEARS FUTURE
According to Vistaar Shipping, the futures for three years (2010-2012) firmed up compared to last week and was at around Cape US$ 30,000 per day, Panamax US$ 18,000 per day, Supramax US$ 15,500 per day, Handysize US$ 11,500 per day.
The iron ore and coal movement seemed to remain quite strong. The steel production also was high and according to data from the World Steel Association, October world crude steel production hit a 14-month high of 112.2 Mt, posting a 13% increase year-on-year. This is the second month in a row when global steel output represented a year-on-year increase. The majority of this increase was due to China and the CIS, which registered growth of 42.4% and 26.9% year-on-year with monthly production at 51.7 Mt and 9.0 Mt respectively. Annual declines were pronounced in the US (-12.4% to 5.9 Mt), Japan (-12.9% to 8.8 Mt) and the EU (-12.1% to 14.1 Mt).
PORT CONGESTION
The congestion in Australia increased to 124 vessels in EC Australia with maximum waiting at DBCT 30/40 days , whereas Haypoint was around 10/12 days and Newcastle was around 14/16 days. The vessels waiting at WC Australia for iron ore was at 11 vessels.
The approximate waiting at Indian ports was around 3/10 days with maximum waiting at Paradip.
CRUDE PRICE
The brent crude prices remained at around same levels at US$ 77.65 per barrel . The bunker prices during the week remained same as last week and the prices for IFO 380 cst at US$ 472 pmt ex Singapore.
FREIGHT FORECAST
Click here for Vistaar’ s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Energy Development Corp, Philippines
- Australian Coal Association
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
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