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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, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Planning Commission, India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
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