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Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
 COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese new year holidays and China's new tighter credit policy affecting investor confidence.
BDI
The BDI dropped by 133 points by 5 pct and closed at 2,715 points. The cape index dropped almost remained stable at the close of the week with a drop by only 20 points and closed at 3,474 points. Maximum drop was seen in the Panamax index which dropped by 275 points by 8 pct and closed at 3,141 points. The Supramax index dropped by 115 points by 5 pct and closed at 2,156 points. The handy size index dropped by 68 points by about 6 pct and closed at 11,095 points.
AVERAGE CHARTER HIRE
The average charter hire was at Cape US$ 31,889 per day, Panamax US$ 25,277 per day, Supramax US$ 22,540 per day and Handy size US$ 16,012 per day. The Supramax index in the Fareast (S6 route) continued to softened and was down by US$ 1,350 per day and closed at US$ 16,570 per day.
| “It seems that freight would continue to be soft next week because of Chinese new year holidays” - Capt. Reddy, Vistaar Singapore |
“It seems that next week also would continue to be soft because of Chinese new year holidays” said Capt. Reddy, Managing Director of Vistaar. The ECI/China (S7) route softened by US$ 1,497 per day and closed at US$ 25,863 per day. Short period rates for Supramax was around US$ 21,000/22,000 per day for vessels opening Far east/SE Asia. Supramax charter rates for one year is around US$ 19/20000 per day.
THREE YEARS FUTURE
The futures for three years(2010-2012) remained unchanged and was at around Cape US$ 30,000 per day, Panamax US$ 19,000 per day, Supramax US$ 16,500 per day, Handy size US$ 12,500 per day.
PORT CONGESTION
The congestion at Australian ports in the EC for coal loading was at record high at 148 vessels (last week 137 vessels), which is highest in 3 yrs. The congestion increased due to bad weather and some shippers declaring force majeure. The number of vessels waiting at DBCT and Newcastle was around 53 vessels. The waiting at DBCT was around 30 days , Hay point and Gladstone 10-12 days and Newcastle about 16 days. On the WC Australia iron ore vessels waiting was same as last week at 25 vessels (last week 25 vessels). The waiting at Indian ports for coal vessels was quite normal around 3/4 days.
CRUDE PRICE
The crude prices continued to be soft and the Brent crude prices was at US$ 70.23 per barrel (last week US$ 71.31 per barrel). The prices of bunkers softened to US$ 444 pmts (IFO 380 CST ex. Singapore) on 5th Feb 2010.
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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Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
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- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
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- Siam City Cement - Thailand
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- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
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- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
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- Indian Oil Corporation Limited
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- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
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- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
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- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- White Energy Company Limited
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
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- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
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