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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, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- The University of Queensland
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
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