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Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
However, the market managed to maintain almost the same levels as last week , with all the sectors up by 3-7 pct except for Panamax index which was slightly softer, he further said.
The BDI continue to rise and was up by 54 points (up by 3.53 pct) and closed at 1,585 points. The Cape index gained maximum this week , up by 118 points (up by 7 pct). The Panamax was slightly lower and was down by 56 points (down by 0.76 pct). The Supramax and Handy size index was up by 29 points (up by 1.84 pct) and 25 (up by 3.31 pct) respectively.
The Supramax vessels opening FEast/SE Asia region were seen holding at healthy levels and fixed at around US$ 16000 delivery N.China.
The freight markets may hold for next couple of weeks. However there does not seem to be any strength in the market and in the long run seems the freight would be soft . The effects of Japanese ports closure and Libya , Yemen , Syria crisis is likely to have effect on shipping and oil prices.
The average charter rates was at Cape/US$ 10,718 per day , Panamax/US$ 16,693 per day , Supramax/US$ 16,762 per day and Handy size/US$ 11,704 per day.
The Supramax index in the feast (S6 route) was almost steady and slight softness was seen towards end of the week at US$ 15,991 per day (last week US$ 15,995 per day). The EC India/ China (S7 route) continued to softened and was down by 2.07 pct (down by US$ 330 per day) and closed at US$ 15,608 per day (last week US$ 15,938 per day). The S6 route is likely to continue to be steady/soft , whereas the S7 is likely soften further.
The futures for three years (2011-2013) was at around Cape/US$ 19,000 per day, Panamax/US$ 16,500 per day, Supramax/US$ 15,500 per day , Handy size/US$ 11,500 per day.
The congestion in EC Australia almost at same levels at 84 vessels this week (last week 72 vessels). The vessels waiting at main coal loading ports were at Hay point/7, DBCT/21, Gladstone/12, Abbot Point/3, New Castle/34, Port Kembla/7 vessels. On the WC Australia iron ore vessels waiting reduced to 39 vessels (last week 42 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices remained firm and closed at US$ 115.95 per barrel (last week US$ 114.51 per barrel). Bunker prices was almost at same levels and closed at US$ 643.00 pmt (last week US$ 643 pmt) for IFO 380 cst ex Singapore on 25th 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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- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- CNBM International Corporation - China
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
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