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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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Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
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- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Australian Coal Association
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
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