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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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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
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- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Planning Commission, India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
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