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Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 points which was highest in 2010 and since then the BDI has dropped almost 70 pct . 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.
According to Vistaar Shipping Singapore, the spot charter rates for Supramax in the far east remained under pressure and vessels were reported fixed only at $ 7000-8000 per day for trip to via Indonesia to India.
Capt. Reddy, director of Vistaar shipping said, 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/$ 6177 per day , Panamax/$ 10689 per day , Supramax/$ 12642 per day and Handy size/$ 10560 per day.
The supramax index in the feast (S6 route) was down by $ 467 per day (down by 5.71 pct) and closed at $ 7714 per day (last week $ 8181 per day). The EC India/ China (S7 route) was down by 123 points (up by 1.05 pct) and closed at $ 11498 per day (last week $ 11621 per day). The S6 route is likely to be soft next week.
The futures for three years (2011-2013) was at around Cape/$ 20000 per day, Panamax/$ 15000 per day, Supramax/$ 15000 per day , Handy size/$ 10750 per day.
The congestion in EC Australia reduced slightly to 106 vessels this week (last week 110 vessels). The vessels waiting at main coal loading ports were at Hay point/14, DBCT/31, Gladstone/13, Abbot Point/Nil, New Castle/40, Port Kembla/6 vessels. On the WC Australia iron ore vessels waiting reduced to 31 vessels (last week 41 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 firm almost touching $ 100 per barrel and closed at $ 99.31 per barrel (last week $ 97.63 per barrel). Bunker prices also firmed and was at $ 552.00 pmt (last week $ 542.00 pmt) for IFO 380 cst ex Singapore on 28th 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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Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
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- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Parliament of New Zealand
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
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