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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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Friday, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
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- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Planning Commission, India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
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