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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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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Australian Coal Association
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Planning Commission, India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
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