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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
 COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was fairly holding firm" said, Capt. Reddy, Managing Director of Vistaar Shipping, Singapore.
BDI INDEX
The BDI dropped by almost 13 pct by 528 points and close at 3,579 points. Seems the BDI resistance levels is around 4,000 points and will stay around these levels.
The Cape index dropped quite a bit by 22 pct down by 1,462 points and closed at 5,193 points. The Panamax index also softened a bit by about 6 pct by 255 points and closed at 3,673 points. The Supramax index was up marginally by about 2 pct by 47 points and closed at 2,429 points. The handy size continued to stay firm and was up by 5 pct by 58 points and closed at 1,240 points.
The average charter hire was at Cape US$ 53,267 per day , Panamax US$ 29,515 per day, Supramax US$ 25,398 per day and Handy size US$ 17,970 per day.
The Supramax index in the Far East (S6 route) was slightly soft at US$ 23,795 per day. The ECI / China (S7) route was slightly firm at US$ 26,233 per day compared to last week.
Short period rates for Supramax was at US$ 23,000 per day for vessels opening Far East / SE Asia. Supramax charter rates for one year is around US$ 18, 000 per day.
THREE YEARS CHARTER HIRE
The futures for three years (2010-2012) firmed up compared to last week and was at around Cape US$ 28,000 per day, Panamax US$ 17,000 per day, Supramax US$ 15,500 per day, Handy size US$ 11,500 per day.
Capt. Reddy, an experienced ship operator from singapore said, the freight market seems to be coming off a bit and the market may be soft next week. The main effect will depend on the Cape size market. However the Supramax and Handy size may hold firm and may not soften much. The iron and coal demand continues to be strong and is expected to remain firm. There could be slight slowing down during the year end Christmas/New Year holidays.
PORT CONGESTION
There was not much change in waiting at Australian ports. The congestion in India especially on the east coast of India eased and the maximum waiting was around 6/7 days.
CRUDE PRICE
The Brent crude prices dropped sharply to US$ 71.81 per barrel . The bunker prices during the week remained soft for IFO 380 at US$ 452 per MT 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, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- Jorong Barutama Greston.PT - Indonesia
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- Eastern Energy - Thailand
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- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
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- IEA Clean Coal Centre - UK
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- SMC Global Power, Philippines
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- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
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- Indian Oil Corporation Limited
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
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- ICICI Bank Limited - India
- Economic Council, Georgia
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- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Latin American Coal - Colombia
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- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
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- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Parliament of New Zealand
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- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Planning Commission, India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
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