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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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Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
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- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- White Energy Company Limited
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Aditya Birla Group - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
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