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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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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
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- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
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- Marubeni Corporation - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
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- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
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- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Australian Coal Association
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
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