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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, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
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- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- White Energy Company Limited
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
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