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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, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Krishnapatnam Port Company Ltd. - India
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- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
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- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Economic Council, Georgia
- Posco Energy - South Korea
- MS Steel International - UAE
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
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- Thai Mozambique Logistica
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- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
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- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Planning Commission, India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
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- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
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- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
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- Formosa Plastics Group - Taiwan
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- Global Green Power PLC Corporation, Philippines
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