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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, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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Showing 6036 to 6040 news of total 6871 |
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- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
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