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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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Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
Monday, 07 February 11
RICHARDS BAY COAL TERMINAL EXPORTS SURGE, BUOYED BY ECONOMIC DEVELOPMENT IN CHINA AND INDIA
COALspot.com - Richards Bay Coal Terminal (RBCT) announced today that 2010 exports have exceeded the last two years’ performance, said in a re ...
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- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Baramulti Group, Indonesia
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- The University of Queensland
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
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