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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 Capt Reddy, Director of Vistaar Shipping Singapore. Vistaar Shipping is a vessel operator based in Singapore.
He further said, the reason seems to fresh cargoes after the Chinese new year holidays and lifting of ban on iron ore experts from WC Indian ports in the state of Karnataka.
The BDI and Cape index was up by 13 pct and closed at 1,178 points and 1,475 points. The Panamax index was up by 20 pct and closed at 1,620 points.
The Supramax and handy size index was up slightly by about 4 pct and 1 pct respectively. There has been hectic activity in the second hand ship sales and about 31 vessels were reported sold last week. The market is expected to be firm for next 2/3 weeks and will be interesting to see how the markets will behave in the coming weeks.
The average charter rates was at Cape/US$ 7,149 per day , Panamax/US$ 12,971 per day , Supramax/US$ 11,837 per day and Handy size/US$ 9,571 per day.
The Supramax index in the feast (S6 route) was up sharply but US$ 10.74 pct and closed at US$ 8095 per day (last week US$ 7310 per day). The EC India/ China (S7 route) was also up sharply by 13 pct and closed at US$ 12855 per day (last week US$ 11370 per day). The WC India to China is expected to be firm as the restrictions of iron ore export from Karnataka has been lifted by the Supreme court. The S6 and S7 route is expected to be firm next week also and likely to go up by about 10 pct.
The futures for three years (2011-2013) was at around Cape/US$ 22,000 per day, Panamax/US$ 17,000 per day, Supramax/US$ 15,000 per day , Handy size/US$ 11,000 per day.
The congestion in EC Australia slightly reduced to 90 vessels this week (last week 107 vessels). The vessels waiting at main coal loading ports were at Hay point/15, DBCT/23, Gladstone/12, Abbot Point/Nil New Castle/37, Port Kembla/3 vessels. On the WC Australia iron ore vessels waiting also reduced slightly to 43 vessels (last week 45 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 crude prices continued to be firm due to Egyptian crisis and Brent crude prices was at US$ 101.41 per barrel (last week US$ 100.12 per barrel). Bunker prices also firmed up sharply and was at US$ 602.50 pmt (last week US$ 582.00 pmt) for IFO 380 cst ex Singapore on 11th Feb 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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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
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- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
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- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
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- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Planning Commission, India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- The University of Queensland
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
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