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Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched 4209 points which was highest in 2010 and since then the BDI has dropped almost 70 pct”, said, Capt. Reddy, Director of Vistaar Singapore, an experienced ship operator.
The Cape index also continued to remain soft with a drop of about 2.50 pct and closed at 1,556 points.
The average charter rate for Cape size vessels was at $ 8,859 per day almost close to 2008 lows.
Panamax index was the most affected this week with the index down by 270 points and closed at 1,650 points. Supramax and Handy size index saw a slight upward movement and closed at 1,427 points and 777 points respectively.
The spot charter rates for Supramax in the far east remained under pressure and vessels were reported fixed at $ 7000-8000 per day for trip to via Indonesia to India.
According to Vistaar Singapore, With the flood situation in Australia likely to continue for some more time and with the Chinese New year coming the market are likely to be under pressure at least until mid February 2011.
The average charter rates was at Cape/$ 8,859 per day , Panamax/$ 13,157 per day , Supramax/$ 14,926 per day and Handy size/$ 11,500 per day.
The Supramax index in the feast (S6 route) was down by $ 350 per day (down by 4.10 pct) and closed at $ 8,186 per day (last week $ 8,536 per day). The EC India/ China (S7 route) was up by 233 points (up by 2.00 pct) and closed at $ 11,621 per day (last week $ 11,388 per day). The S6 route is likely to be soft next week.
The futures for three years (2011-2013) was at around Cape/$ 21,000 per day, Panamax/$ 16,000 per day, Supramax/$ 15,500 per day , Handy size/$ 11,000 per day.
The congestion in EC Australia reduced slightly to 110 vessels this week (last week 120 vessels). The vessels waiting at main coal loading ports were at Hay point/16, DBCT/36, Gladstone/13, Abbot Point/Nil, New Castle/40, Port Kembla/5 vessels. On the WC Australia iron ore vessels waiting increased to 41 vessels (last week 33 vessels).
The waiting at Indian ports for coal vessels was quite normal except for Paradip, Haldia, Kandla where the berthing delays was high with berthing delays of about 10/12 days.
The Brent crude prices was almost at same levels and was slightly down and closed at $ 97.63 per barrel (last week $ 98.50 per barrel). Bunker prices also firmed and was at $ 546.00 pmt (last week $ 540.00 pmt) for IFO 380 cst ex Singapore on 21st 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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Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
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- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Aditya Birla Group - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Australian Coal Association
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
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