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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, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
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- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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