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Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct closing at 1,465 points.
The biggest drop was in Panamax sector which dropped by 20.10 points closing at 815 points. The Supramax and Handysize also continued to drop by abt 13 pct closing at 695 points and 426 points respectively.
The BDI is almost close to the lows of Dec 2008 when BDI was at 663 points.
The markets seemed to have bottomed out and there are hopes that the market would stabilize from next week with Chinese new year holidays over. However as per reports there is huge stock pile of iron ore of about 94 mill tons in Chinese ports. The demand for iron may be weak for next couple of weeks, which may cause to affect the shipping market.
Supramax delivery South China for trips via Indonesia were reported around only US$ 5,500-6,000 per day. Short Period charter rates for Panamax and supramax was down to around US$ 6,000-7,000 per day with delivery Feast.
The average charter rates was at Cape/US$ 5,566 pday , Panamax/US$ 6,488 per day, Supramax/US$ 7,268 pday and Handysize/US$ 6,264 per day. The futures for three years (2012-2014) was at around Cape/US$16,000 per day, Panamax/US$ 12,000 per day, Supramax/US$ 11,500 per day , Handysize/US$ 9,250 per day.
The supramax index in the feast (S6 route) closed at US$ 5,231 pday (last week US$ 5,728 per day) and S7 route closed at US$ 5,569 per day (last week US$ 6,082 per day) . S6 and S7 route likely to remain steady next week.
The congestion in EC Australia increased to 90 vessels this week (last week 85). The vessels waiting at main coal loading ports were at Haypoint/4, DBCT/16, Gladstone/14, Abbot Point/4, New Castle/43, Port Kembla/11 vessels.
On the WC Australia iron ore vessels waiting was at 70 vessels (last week 53).
The brent crude oil prices closed at US$ 111.53 per barrel and bunkers prices closed at US$ 739.00 pmt (last week US$ 740 pmt) for IFO 380 cst ex Singapore on 27th Jan 2012.
Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
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Wednesday, 01 February 12
2% OF IBPS TOTAL CONCESSION AREA CONTAINS TOTAL COAL RESOURCE OF 56.1 MILLION TON
COALspot.com - PT. Britmindo, a mine consulting firm, has finalized PT. Insani Bara Perkasa (IBP) first JORC (Joint Ore Reserves Committee) res ...
Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
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