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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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Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- Romanian Commodities Exchange
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- Aditya Birla Group - India
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- Sinarmas Energy and Mining - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
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- Mintek Dendrill Indonesia
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- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
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- Coal and Oil Company - UAE
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- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
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- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Minerals Council of Australia
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- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
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- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
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- Petrochimia International Co. Ltd.- Taiwan
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- Ministry of Transport, Egypt
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- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
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- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
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- Indonesian Coal Mining Association
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- Attock Cement Pakistan Limited
- Australian Coal Association
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
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- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
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- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
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- Chamber of Mines of South Africa
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- Mjunction Services Limited - India
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- Karaikal Port Pvt Ltd - India
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- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
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- Bangladesh Power Developement Board
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