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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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Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- Petron Corporation, Philippines
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- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Gujarat Sidhee Cement - India
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- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
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- Medco Energi Mining Internasional
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
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- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Oil Corporation Limited
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- Planning Commission, India
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- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
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- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
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- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
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- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
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- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
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- PowerSource Philippines DevCo
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- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
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- Ceylon Electricity Board - Sri Lanka
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- Indonesian Coal Mining Association
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- Ministry of Finance - Indonesia
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- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
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