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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, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
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- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
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