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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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Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
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- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
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