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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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Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
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- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
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