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Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Supramax and Handy size index was up by 6 pct and 2 pct respectively. The one trip charter rates were quite strong in the far east region, with Supramax being fixed at around US$ 14,000 per day delivery and Panamax fixed around 16,000 delivery China.
It is expected that March and April may continue to be firm and it will be interesting to see the effect of new Buildings which are scheduled for delivery this year. The tension in Libya and Middle east and other countries has kept the oil prices firm which will affect the freight market. With India imposing 20 pct duty on export of iron ore and falling prices of iron ore , the export from India is likely to reduce.
The average charter rates was at Cape/US$ 5,704 per day , Panamax/US$ 15,912 per day , Supramax/US$ 15,340 per day and Handy size/US$ 10,481 per day.
The Supramax index in the feast (S6 route) continued to be firm and was up by 15 pct (up by US$ 1,909 per day) and closed at US$ 14,727 per day (last week US$ 12,818 per day). The EC India/ China (S7 route) was down due to Indian government imposing 20 pct export duty on Iron ore and also iron ore prices softening was down by 3 pct (down by US$ 609 per day) and closed at US$ 17,229 per day (last week US$ 17,838 per day). The S6 route may continue to be firm, where as the S7 is likely to soften further.
The futures for three years (2011-2013) was at around Cape/US$ 19000 per day, Panamax/US$ 16500 per day, Supramax/US$ 15000 per day , Handy size/US$ 11500 per day.
The congestion in EC Australia almost at same levels at 77 vessels this week (last week 79 vessels). The vessels waiting at main coal loading ports were at Hay point/6, DBCT/20, Gladstone/12, Abbot Point/1, New Castle/36, Port Kembla/2 vessels. On the WC Australia iron ore vessels waiting reduced to 58 vessels (last week 45 vessels).
The waiting at Indian ports for coal vessels was quite normal and the main east coast ports were reported empty because of no coking coal vessels.
The crude prices jumped sharply with tensions continuing in Libya and Bahrain and other neighboring countries and Brent crude prices was at US$ 115.78 per barrel (last week US$ 112.34 per barrel). Bunker prices also firmed up sharply and was at US$ 638.00 pmt (last week US$ 646.50 pmt) for IFO 380 cst ex Singapore on 4th March 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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Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
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- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Indian Energy Exchange, India
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