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Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Supramax vessels opening far east were reported fixed at around usd 9000 pday levels for trip via Indonesia to India”, said Capt. Reddy, director of Vistaar Shipping, Singapore. He further said, Panamax vessels opening far east reported fixed around usd 8000 for trip via Australia and to India.
Short period rates for Supramax was at around usd 14000 pday for vessels opening far east and for Panamax vessels was around usd 16000 pday. The BDI has touched record lows and is at 1,519 points down by almost 15 pct and Cape size index touched 1,865 points down by about 20 pct since 24th Dec 2010. The Panamax saw a slight recovery and was up by about 5 pct and closed at 1936 points. The Supramax and Handy size was down by 10 pct and 7 pct respectively since 24th Dec 2010.
With the situation in Australia likely to continue for 2 to 3 weeks and with the Chinese New year coming first week of February , it is expected that the market is likely to be soft until mid February 2011.
The average charter rates was at Cape/usd 12,897 pday , Panamax/usd 15,416 pday , Supramax/usd 14,023 pday and Handy size/usd 11,196 pday.
The Supramax index in the feast (S6 route) was down by usd 3,252 pday (down by 26 pct) and closed at usd 9,218 pday (last week it was at usd 12,470 pday). The EC India/ China (S7 route) was also severely affected and was down by usd 26,88 pday (down by19 pct) and closed at usd 11,621 pday (last week was at usd 14,309 pday). The S6 and S7 route is likely to be soft and is expected to be under pressure next week also.
The futures for three years (2011-2013) was at around Cape/usd 22,000 pday, Panamax/usd 16,500 pday, Supramax/usd 16,000 pday , Handy size/usd 11,500 pday.
The congestion in EC Australia reduced slightly to 136 vessels this week (last week was 142 vessels). The vessels waiting at main coal loading ports were at Hay point/17, DBCT/44, Gladstone/18, Abbot Point/Nil, New Castle/54, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting was almost at same levels at 24 vessels (last week 24 vessels).
The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was still high.
The brent crude prices continued to be firm and was almost at same levels and closed at usd 93.61 per barrel (last week usd 93.46 per barrel). However bunker prices was firm and was at usd 520.50 pmt (last week usd 507.50 pmt) for IFO 380 cst ex Singapore on 7th Jan 2011.
Click here for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
Reported by Vistaar Shipping, Singapore
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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
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