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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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Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Bhushan Steel Limited - India
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- Commonwealth Bank - Australia
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- Kumho Petrochemical, South Korea
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- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
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- Thiess Contractors Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- MS Steel International - UAE
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
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- Sindya Power Generating Company Private Ltd
- Australian Coal Association
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- Romanian Commodities Exchange
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- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
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- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
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- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
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- Marubeni Corporation - India
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- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
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- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
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- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
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- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
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- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
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- Formosa Plastics Group - Taiwan
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- Mjunction Services Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
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- Planning Commission, India
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- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
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- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- The University of Queensland
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- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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