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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Supramax and Handysize softened only about 4-6 pct.
BDI INDEX
The BDI dropped by about 9 pct by 321 points and closed at 3,258 points. Seems that next week also the softening would continue mainly due to holidays. The index closed this week at Cape 4,566 points, Panamax 3,448 points, Supramax 2,322 points and Handysize 1,199 points.
The average charter hire was at Cape US$ 45,458 per day, Panamax US$ 27,674 per day, Supramax US$ 24,274 per day and Handysize US$ 17,432 per day.
The supramax index in the Far East (S6 route) softened by almost US$ 4,000 this week and was at US$ 19,600 per day. The ECI / China (S7) route was holding firm at US$ 26,133 per day .
Short period rates for Supramax was at US$ 21,000 per day for vessels opening Far East / SE Asia. Supramax charter rates for one year is around US$ 18000 per day.
3 YEARS FUTURES
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$ 15,000 per day and Handysize US$ 11,500 per day.
The market is likely to be soft next week especially in the Far East / SE Asia sector.
The iron ore demand seems to be holding firm, however with the market soft on the feast sector it appears that the coal movement has reduced. Next two weeks the market may remain soft due to Christmas / New Year holidays.
PORT CONGESTIONS
The congestion at Australian ports in the EC for coal loading increased to 138 vessels, with maximum waiting at DBCT about 30 days and Newcastle about 20 days. On the WC Australia iron ore vessels waiting were around 20.
The waiting at Indian ports for coal vessels was around 6 / 7 days.
CRUDE OIL
The brent crude prices moved up to US$73.90 per barrel. The bunker prices during the week was soft and was as low as US$ 445 pmt (IFO 380 cst) ex singapore, however by Friday the prices moved up and was at US$ 464 pmt (IFO 380 cst) ex Singapore.
FREIGHT FORECAST
Click here for Vistaar’s forecasted (subject to terms & conditions) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
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Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Mercator Lines Limited - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
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