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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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Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
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- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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