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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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Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
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- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Planning Commission, India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
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